Monetary payments to nonowners of a firm are called:
A. implicit costs.
B. accounting costs.
C. explicit costs.
D. economic costs.
Answer: A
You might also like to view...
If capital inflows decrease due to higher interest rates in other countries and large amounts of import spending, there will be:
A) upward pressure on a country's exchange rate. B) downward pressure on a country's exchange rate. C) no pressure on a country's exchange rate. D) none of the above.
Oligopolists often sacrifice economies of scale as they expand product variety
a. True b. False
A decrease in the budget deficit
a. makes investment spending fall. b. makes investment spending rise. c. does not affect investment spending. d. may increase, decrease, or not affect investment spending if private saving doesn't change.
Excise taxes are designed to ______.
a. tax all products equally b. tax distinct products only c. help low-wage earners invest more d. help low-wage earners afford necessities