Dave recently began running his father's farm. Last year he took in $15,000 in sales revenue and paid $10,200 in out-of-pocket costs. He made an economic loss last year:
a. if his implicit costs were $3000.
b. if his implicit costs were $4000.
c. if his implicit costs were $5000.
d. In none of the above cases.
d
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The economy is at full employment when
A) there are no unemployed workers. B) all unemployment is frictional or structural. C) there are fewer unemployed workers than available jobs. D) all unemployment is cyclical.
Do donor countries gain anything from their aid?
What will be an ideal response?
Behavioral economics
a. is a subfield of psychology that has partially replaced traditional economic analysis b. is a subfield of economics that explains how people behavior c. is a subfield of economics that incorporates insights from psychology and sociology d. provides support for the traditional economic theory of rational utility maximization e. predicts that demand curves slope upward
Joan has the following assets and liabilities:Credit card balance$1,000Cash$200Government bonds$3,000Checking$300Car loan balance$10,000Car$15,000 What is Joan's money demand?
A. $300 B. $500 C. $1,500 D. $200