Expenses that a firm does not have to pay out of pocket are
A) wages of employees.
B) taxes.
C) implicit costs.
D) explicit costs.
C
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Because money growth is a major component determining the inflation rate, in order to forecast inflation we should forecast actions by the
A) Congress. B) President. C) Fed. D) Office of the Treasury. E) U.S. Mint.
What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
a. Celler-Kefauver Act. b. Sherman Antitrust Act. c. Clayton Act. d. Robinson-Patman Act.
Crowding out is the offsetting effect on private expenditures caused by the government's sale of bonds to finance expansionary fiscal policy.
Answer the following statement true (T) or false (F)
Economists have difficulty applying the scientific method because
What will be an ideal response?