Which of the following most closely relates to the idea of opportunity costs?
A. technological change
B. capitalism
C. economic growth
D. trade-offs
Answer: D
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________ involve the exchange of currency the second day after the date on which the two foreign-exchange traders agree to the transaction.
A) Spot transactions B) Outright forward transactions C) FX swaps D) Reverse transactions
If sellers become more willing and able to sell more of a service at every possible price, there has been an increase in
A. quantity supplied. B. supply. C. wages or other factor costs. D. demand.
Why do accountants and economists calculate a firm's cost and profit in different ways?
What will be an ideal response?
All of the following are examples of human capital except:
A. the ability to write clearly. B. knowledge of word processing programs. C. the ability to coordinate labor effectively. D. a computer which has top-of-the-line word processing software.