Unemployment Compensation Is an Example of

question 257

Multiple Choice

Unemployment compensation is an example of

• A) a subsidized service.
• B) a regressive income program.
• C) a Social Security benefit.
• D) an income maintenance program.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.