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Home Question Bank Economics Archive 2024 November 01

Economics Questions from Nov 01,2024

Browse the Economics Q&A Archive for Nov 01,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Households and businesses often hold some of their wealth as money balances because: A. money assets always pay lower rates of return than do other non-money assets. B. money assets always pay higher rates of return than do other non-money assets. C. money balances offer a better protection against rising prices than do many other assets. D. the opportunity cost of holding money balances is lower than for other assets. Unit Post Test Select the correct answer from each drop-down menu. What is the meaning ơf the term gross amount earned? Gross amount earned refers to the total compensation that an employee earns Aaron has recently stäted working at a credit union. Which motive might have prompted Aaron to join the credit union? A. to earn profit B. to sell the organization's stocks in the financial market C. to reduce the organization's office rent expense D. to give the control of the organization to an external individual E. to work for the development of the members Suppose that in the money market the prevailing interest rate is smaller than the equilibrium interest rate. Then, individuals will thus the liquidity of their assets. A. none of the options given is correct. B. buy; increase C. buy; reduce D. sell; reduce E. sell; increase Select the correct answer from each drop-down menu. How does an employêr calculate every employee's taxes and withholdings? An employer calculates taxes and withholdings based on the employee's federal form. This form provides details relating to the employee's rate, such as marital status. Will Andrew's professiön as an architect lower his tax liability? A. yes; an employee's profession determines their tax bracket B. no; an employee's profession has no bearing on the tax deductions C. yes; he will be exempt from paying state tax D. no; he will gain no tax allowance, but will be exempt from voluntary deductions Ted works for 160 hoults in a given month, and his wage rate is \( \$ 10 \) per hour. What amount will show as Ted's contribution to Social Security? A. \( \$ 1,500.80 \) B. \( \$ 9.92 \) C. \( \$ 99.20 \) D. \( \$ 150.08 \)
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