____ mean that the costs involved cannot be recouped for a considerable period of time
a. Sunk costs
b. Opportunity costs
c. Overheads
d. Restructuring costs
a
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If U.S. imports increase, the sum of the balance of payments accounts (the sum of the current account plus capital and financial account plus official settlements account)
A) becomes negative. B) becomes positive. C) becomes negative or positive depending on the government budget deficit or surplus. D) does not change.
Factors that help determine the level of planned investment include
a. profit expectations. b. the interest rate. c. the size and age of the existing stock of capital. d. All of these.
Assume an Australian importer expects to pay 16,000 Australian dollars (AUD) for $8,000 worth of U.S. goods, but on the shipment date 30 days later, the same volume of U.S. goods costs the Australian importer only 10,000 Australian dollars. This means that between the contract date and the payment date, the exchange rate has changed:
a. from $1 = 1.25 AUD to $1 = 2.0 AUD. b. from $1 = 2.0 AUD to $1 = 1.25 AUD. c. from $1 = 0.8 AUD to $1 = 0.5 AUD. d. from $1 = 0.5 AUD to $1 = 0.8 AUD. e. from $1 = 0.5 AUD to $1 = 2.0 AUD.
Harvesting less wheat than the land is capable of producing is an example of
a. marginal costs b. opportunity costs c. good farming practices d. underutilization