If consumers believe the price of hybrid vehicles will decrease in the future, this will cause the demand for hybrid vehicles to decrease now

Scarcity is illustrated graphically by a production possibilities frontier.

Indicate whether the statement is true or false.

Juanita has just started a business and is using her personal car to deliver goods. The use of her car is an example of

A) an explicit cost to the business. B) an implicit cost to the business. C) financial capital. D) interest.