How does the rule of law affect growth? The rule of law 1. contributes positively to growth because people can feel secure in their possessions and can rely on others' promises.2. is at most a secondary contributor to growth. Informal agreements can be just as effective at promoting trust and are sometimes more flexible than rigid laws. 3. contributes negatively to growth because it can be used to keep useful resources away from the most productive members of society. 4. contributes positively to growth because cooperation requires uniform standards of behavior. 5. contributes negatively to growth because compliance with laws is costly and stifles otherwise productive ventures.

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6