?Which of the following would not appear on a firm's accounting statement?
a. ?Fixed costs
b. ?Insurance costs
c. ?Explicit costs
d. ?Sunk costs
e. ?Implicit costs
ans: e. ?Implicit costs
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In the figure above, the demand is inelastic in the range of prices between
A) $3.50 and $4.50 per cup B) $2.50 and $3.50 per cup C) $1.00 and $2.00 per cup D) $2.25 and $4.50 per cup E) $2.75 and $3.75 per cup
If the required reserve ratio is 10 percent, the simple deposit multiplier is
A) 5.0. B) 2.5. C) 100.0. D) 10.0
An increase in the money supply:
a. raises the interest rate, causing an increase in investment and an increase in GDP. b. lowers the interest rate, causing an increase in investment and an increase in GDP. c. raises the interest rate, causing a decrease in investment and an increase in GDP. d. lowers the interest rate, causing a decrease in investment and an increase in GDP. e. lowers the interest rate, causing a decrease in investment and a decrease in GDP.
Which of the following most clearly indicates that fiscal policy is becoming more restrictive?
a. An increase in the budget deficit relative to GDP b. A reduction in the budget deficit relative to GDP c. An increase in government expenditures as a share of GDP d. A reduction in tax revenues as a share of GDP