Implicit costs are
A) costs that are measured in dollars.
B) costs that do not involve an exchange of money.
C) costs that typically involve the exchange of money.
D) the same as explicit costs.
B
Economics
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People can be excluded from consuming public goods
Indicate whether the statement is true or false
Economics
If the required reserve ratio (RRR) is 10 percent and the Fed sells a $5,000 bond to an individual who pays for it with a check, the money supply will
a. not change b. decrease by $4,500 c. increase by $4,500 d. decrease by $5,000 e. increase by $5,000
Economics