Cost Is a Measure of the

question 79

Multiple Choice

Cost is a measure of the

• A)seller's willingness to sell.
• B)seller's producer surplus.
• C)producer shortage.
• D)seller's willingness to buy.

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Definitions:

FUTA

Stands for Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.

SUTA

State Unemployment Tax Act; a type of payroll tax that employers must contribute to state unemployment funds.

Fair Labor Standards Act

A U.S. law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Federal Wage and Hour Law

U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.