Implicit costs are ________ and explicit costs are ________
A) costs that involve spending money; also costs that involve spending money
B) nonmonetary costs; costs that involve spending money
C) costs that involve spending money; nonmonetary costs
D) nonmonetary costs; also nonmonetary costs
B
You might also like to view...
Money market mutual funds are funds pooled by
A) a group of people to buy shares of stocks. B) a group of people to buy stock market funds. C) a group of people to buy short maturity credit instruments. D) a group of people to buy U.S. Treasury bonds.
Stabilization policy used during the Great Recession could be abstracted by a
A. decrease in aggregate demand. B. decrease in aggregate supply. C. increase in aggregate demand. D. increase in aggregate supply.
According to new classical economists, policies should be introduced suddenly to surprise the economy in order to
A. Prevent political lobbying that results in goal conflicts. B. Minimize design problems that impede the implementation of policy. C. Avoid the lags associated with policy announcements. D. Prevent anticipatory behavior that defeats the purpose of the policy.
Foreign direct investment is
A. the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum. B. the purchase of less than 10 percent of the shares of ownership in a company in another country. C. the purchase of more than 10 percent of the shares of ownership in a company in another country. D. the diversification of purchasing shares in one company in many countries so that risk is kept to a minimum.