If the United States, at the Point Where It Is

question 2

Multiple Choice

If the United States, at the point where it is currently producing, must give up the production of 500 bicycles (B) to produce 20 additional tractors (T) with the same resources, the opportunity cost of producing 100 bicycles is _______ tractor(s) .

• A) 1
• B) 4
• C) 25
• D) 100

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Definitions:

Payroll Bank Account

A dedicated bank account used exclusively for processing payroll and related transactions to ensure accurate tracking and management of employee payments.

Payroll Register

A document that records each employee's gross earnings, deductions, and net pay for a specific payroll period.

Federal Depository Bank

A financial institution that is authorized to hold deposits for the Federal Reserve System, providing banking services to the government and the public.

Paychecks

Documents issued to employees to pay for their services, representing the net amount after deductions like taxes and retirement contributions.