Where the Merit System Begun by the Pendleton Act Initially

question 43

Multiple Choice

Where the merit system begun by the Pendleton Act initially only affected 10 percent of federal executive branch employees, it now covers

• A) 60 percent.
• B) 70 percent.
• C) 80 percent.
• D) 90 percent.
• E) 100 percent.

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Definitions:

Capital

Economic resources that are used in the production of goods and services, including buildings, machinery, equipment, and financial assets.

User Cost

The cost of using a durable good over time, considering depreciation and the opportunity cost of not investing funds elsewhere.

Economic Depreciation

A measure of the decrease in value of an asset over time due to use, wear and tear, and obsolescence.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.