The expenses you encounter when you buy in one market and sell in a distant market are known as
A) transactions costs. B) sunk costs. C) fixed costs. D) production costs.
A
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From a strictly economic perspective, immigration should be:
A. Expanded until its marginal benefits equal its marginal costs B. Expanded until its total benefits equal its total costs C. Expanded as long as its marginal costs exceed its marginal costs D. Reduced if its marginal benefits exceed its marginal costs
Explain how government deficits fell yet current account surpluses remained the same in the EU prior to adopting the euro. Also explain this in the context of the "twin deficits" theory
What will be an ideal response?
A sum of money received at a future date
a. is worth less than the same sum of money received today. b. is worth more than the same sum of money received today. c. has the same value as the same sum of money received today. d. is worth less than the same sum of money received yesterday.
There no tendency for firms to either enter or leave the market ______.
a. at positive economic profits b. at zero economic profits c. at growing economic profits d. at economic losses