The extra costs incurred to avoid holding cash when there is inflation are called the:
A. shoe leather costs.
B. average costs of inflation.
C. external costs.
D. consumer price index costs.
Answer: A
Economics
You might also like to view...
Which of the following countries meets regularly the UN target for the provision of foreign aid (as a percent of GNI)?
(a) Japan. (b) United States. (c) Denmark. (d) France.
Economics
Perfectly competitive firms and monopolists are different because
a. in perfect competition MC = P, while a monopolist produces where P > MC. b. in perfect competition MC = P, while a monopolist produces where MC > P. c. in perfect competition P > MC, while a monopolist produces where MC = P. d. in perfect competition MC > P, while a monopolist produces where MC = P.
Economics