The costs that a firm incurs when it changes its production level are ________ costs.
A. depreciation
B. accelerated
C. adjustment
D. sunk
Answer: C
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Complete this statement. Sellers compete against other sellers and
A) sellers compete against buyers. B) sellers cooperate with buyers. C) buyers cooperate with other buyers. D) both A and C are true.
Which of the following is not a benefit to lenders/investors of financial intermediation?
a. Lower transaction costs than the direct market. b. Lower risks than the direct market. c. More diversification than the direct market. d. More convenient than the direct market. e. Higher yield than the direct market.
What was one reason the U.S government started a Federal Reserve system?
(A) To keep the banking power of the United States spread out among various districts. (B) To have a place for banks to deposit their excess deposits. (C) To provide consumers with access to funds for business expansion. (D) To make sure that the U.S. banks were obeying laws regarding banking.
The value of intermediate goods is excluded from the measurement of GDP in order to:
A. measure GDP in constant prices. B. avoid double counting. C. adjust for inflation. D. index economic activity.