An example of an opportunity cost that is also an implicit cost is
a. a lease payment.
b. the cost of raw materials.
c. the value of the business owner's time.
d. All of the above are correct.
c
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Refer to the scenario above. Suppose you decide to buy a Toyota Corolla. You value the car for $10,000. You don't know it, but the car dealer values it for $8,500. What is the minimum price that the seller would accept for the car?
A) $8,500 B) $7,000 C) $10,000 D) $5,000
The issuer of a bond is a lender.
Answer the following statement true (T) or false (F)
The slope of the planned expenditure line is
A) autonomous consumption. B) the marginal propensity to save. C) autonomous planned spending. D) the marginal propensity to consume.
NAFTA is believed to have __________ manufacturing productivity, especially in the maquiladora plants.
a. raised b. lowered c. had no effect on d. greatly hindered