In Dealing with the Issue of Gays in the Military,President

question 67

Multiple Choice

In dealing with the issue of gays in the military,President Bill Clinton established a

• A) "separate but equal" policy.
• B) policy forbidding gays from serving in the military.
• C) "don't ask,don't tell" policy.
• D) policy for allowing openly gay soldiers to serve in any position within the military.
• E) policy for allowing openly gay soldiers to serve only in certain positions within the military.

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Definitions:

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales activity, such as rent, salaries, and insurance.

Marginal Costs

The additional cost incurred by producing one extra unit of a product or service.

Economic Profits

Profits exceeding the opportunity costs of a next best alternative, measuring the extent to which a firm has generated excess returns over its costs, including the cost of capital.

Cost of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.