The costs which can be avoided if we alter our decisions or choices are referred to as:
a. average costs.
b. opportunity costs.
c. marginal costs.
d. sunk costs.
C
You might also like to view...
In the United States, the ________ has the official responsibility for foreign exchange intervention
A) State Department B) International Trade Commission C) Department of Commerce D) Treasury Department
If quantity demanded increases at all possible prices, demand has
A) increased. B) decreased C) remained the same; only quantity demanded has changed. D) remained the same; however, the curve has become more stee
Intermediate targeting the money supply is preferable if there is a(n)
a. increase in the severity of supply shocks. b. unstable money demand function. c. low interest elasticity of money demand. d. difficulty in the measurement of money demand. e. none of the above.
When measuring economic growth, economists typically focus on per capita real GDP in order to account for variations in the:
a. size of the population b. price level c. quality of goods and services d. both (a) and (b) above