Which of the following is an example of an implicit cost that a firm might incur?
A) the out-of-pocket expense to hire resources
B) taxes owed to the state and Federal governments
C) the rental value of the office space the company owns and uses for itself
D) the revenue a firm generates in using its resources
Answer: C
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In a market economy,
a. resources are distributed equally across the all possible uses. b. resources move to higher valued uses in response to changes in price. c. resource usage is independent of the price. d. most resources are distributed by the government. e. all of the above.
In 2018, China held over $3 trillion in foreign reserves. Over 40 percent of China's reserves were in the form of U.S. Treasuries. This is an example of:
A. a crowding out effect. B. the real debt. C. internationalizing the U.S. debt. D. policy conversion.
Refer to Figure 14.2. A movement from point d to point a could be caused by a simultaneous ________ and ________.
A. decrease in the money supply; increase in the price of oil B. increase in the money supply; massive crop failure C. decrease in taxes; decrease in the money supply D. decrease in government spending; decrease in the price of oil
How does a primary financial market differ from a secondary financial market?
What will be an ideal response?