Which of the Following Statements Is a Fixed Cost in a Clothing

question 20

Multiple Choice

Which of the following statements is a fixed cost in a clothing store?

• A) store manager's salary
• B) electricity
• C) sales commissions
• D) inventory
• E) paper for the cash register

Understand the impact of in-kind transfers on poverty measurement.

Discuss the impact of government policies on income distribution and poverty.

Assess the importance of equality of opportunity versus equality of outcomes.

Examine the role of life-cycle and temporary income variations in economic analysis.

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Definitions:

Households

The basic units of consumer decision-making in economics, often consisting of individuals or groups of people living together making joint economic decisions.

Funds

Funds refer to financial resources allocated for a specific purpose, such as investment or expenses.

Interest Rate

The percentage of principal charged by the lender for the use of its money or the rate earned on investments.

Loan

A sum of money that is borrowed, often from a financial institution, which is expected to be paid back with interest.