Which of the following is an explicit cost of production?
A) wages paid to workers
B) the electric bill
C) purchases of raw material
D) Only answers A and B are explicit costs because the purchases of raw material is only an opportunity cost.
E) Answers A, B, and C are all correct.
E
Economics
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Which of the following investigates businesses and individuals for enforcement of laws regarding protected classes?
a. osha b. eeo c. department of labor d. cobra
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If the Fed sells government bonds, bank reserves will
A) decrease leading to a decrease in the money supply. B) increase leading to a decrease in the money supply. C) increase leading to an increase in the money supply. D) decrease leading to an increase in the money supply.
Economics