The "Cost of Doing Business Index" Indicates That Hawaii Is

question 136

Multiple Choice

The "Cost of Doing Business Index" indicates that Hawaii is the most expensive state in which to do business based on these factors:

• A)wage costs based on hourly and salaried compensation.
• B)tax costs and electricity costs .
• C)industrial and office rent costs.
• D)all the above

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Definitions:

Discount Rate

The rate at which central banks lend to commercial banks or other financial institutions.

Government Securities

Financial instruments issued by the government to finance its expenditures, including bonds, bills, and notes, which are considered low-risk investments.

Required Reserve Ratio

The fraction of deposits that a bank must hold in reserve and cannot lend out, set by the central bank to control the money supply.

Tax Cut

A reduction in the amount of taxes imposed by a government on individuals or businesses.