In the long-run, all costs are
a. Fixed costs
b. Variable costs
c. Sunk Costs
d. Marginal Costs
b
You might also like to view...
When the price level rises and increases the demand for money, the nominal interest rate ________ and the real interest rate ________
A) falls; rises B) rises; falls C) rises; rises D) falls; falls E) does not change; does not change
The opportunity cost of producing one keg of beer in Italy is
A. 3/2 pizzas.
B. 12 pizzas.
C. 4 pizzas.
D. 1/12 pizzas.
ATMs were developed because of breakthroughs in technology and as a
A) means of avoiding restrictive branching regulations. B) means of avoiding paying interest to corporate customers. C) way of concealing transactions from the SEC. D) increasing the competition from foreign banks.
Which of the following statements is true about the circular flow?
a) Output is greater than income b) Income is more than expenditure c) Output is less than expenditure d) Output equals income equals expenditure