(Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and tear to drive to the match and $5 to park her car. On the day of the match, Susie's boss offers her $100 to come to work

instead. In considering what to do, which of the above would be considered a sunk cost?

A. The $20 ticket to the match.
B. The $10 cost to drive to the match.
C. The $5 cost to park at the stadium.
D. The $100 offered by Susie's boss.

Answer: A

Economics

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The amount of money income received in a given time period, measured in current dollars, is

A. Nominal income. B. Asset income. C. Fixed income. D. Real income.

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