Sunk costs are those costs that:
A. do not vary without output.
B. can be collected even after they have been paid.
C. do vary with output.
D. are forever lost after they have been paid.
Answer: D
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On the Internet you find the following offers for opening an online account. Which of them is the best offer if you have $5,000 to save for two years?
a. an interest rate of 5 percent, with the bank charging you a $50 processing fee at the time you open your account b. an interest rate of 4 percent, with the bank giving you a $65 bonus at the time you open your account c. an interest rate of 3.5 percent, with the bank giving you a $100 bonus to open your account d. an interest rate of 4.5 percent, with no processing fee and no bonus
Suppose Americans buy inputs from foreigners. When the price of foreign inputs falls, the U.S. SRAS curve __________, which tends to __________the U.S. price level
A) shifts rightward; reduce B) shifts leftward; increase C) shifts leftward; reduce D) remains constant; increase
Four main arguments have been made for trade protection: (1) the ______ argument; (2) the _______ argument; (3) the ________ argument; and (4) the ________ argument.
Fill in the blank(s) with the appropriate word(s).
Prior to the mortgage debt crisis, the most frequently employed restrictive monetary policy tool was
a. raising the reserve ratio. b. selling bonds in the open market. c. raising the discount rate. d. raising the prime interest rate.