Economists Use the Terms Resource and Input as Synonyms

question 114

True/False

Economists use the terms resource and input as synonyms.

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Definitions:

Federal Unemployment Tax

A tax paid by employers to fund the unemployment compensation program for laid-off workers.

State Unemployment Tax

A tax that employers pay to fund the unemployment benefits provided to workers who have lost their jobs.

Interest-Bearing Note

A promissory note or loan that accrues interest over time, requiring the borrower to pay back the principal amount plus interest.

Payable Matures

Refers to the point in time when a financial obligation (payable) becomes due and must be paid.