. When you are faced with a lack of information concerning a purchase, you should
A. consider the opportunity cost of gaining more information.
B. always seek out the most information you can before making a purchase.
C. not make the purchase without complete information.
D. None of these statements is true.
A. consider the opportunity cost of gaining more information.
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The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes. These costs are sometimes called ________ costs
A) explicit; accounting B) total; economic C) real; explicit D) economic; legal
The proposition that decreases in taxes that raise the government budget deficit has no effect on aggregate demand is called the
A) open-economy effect. B) federalism effect. C) Ricardian equivalence theorem. D) interest-rate effect.