Expenses that a firm does not have to pay out of pocket are
A) wages of employees.
B) taxes.
C) implicit costs.
D) explicit costs.
C
Economics
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The existence of an inflationary gap should cause
a. wages to fall. b. prices to fall. c. unemployment to rise. d. net exports to rise.
Economics
Persons who die before age 65 or soon thereafter, receive little or nothing from their Social Security payroll tax payments. Which of the following groups is harmed the most by this attribute of the Social Security retirement system?
a. High-income workers. b. Hispanics. c. Heavy cigarette smokers. d. College graduates.
Economics