Since Teachers Are an Input in the Production of Education

question 48

Multiple Choice

Since teachers are an input in the production of education, when teacher salaries increase

• A)the supply of education decreases.
• B)the supply of education increases.
• C)the demand for education decreases.
• D)the demand for teachers increases.

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check.

Petty Cash

A small amount of cash kept on hand used for paying small expenses without writing a check or using a credit card.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses.

Cash Over and Short

An account used to record the discrepancies between the expected and actual amount of cash, reflecting either excess (over) or deficiency (short).