The expenses you encounter when you buy in one market and sell in a distant market are known as
A) transactions costs. B) sunk costs. C) fixed costs. D) production costs.
A
Economics
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A good that is rival and excludable is a ________
Fill in the blank(s) with correct word
Economics
Which of the following would most likely cause the supply of wheat to increase?
a. a decrease in the price of corn, a substitute for wheat b. a technological advance that lowers the cost of producing wheat c. an increase in the cost of producing wheat d. a change in consumer preferences, causing them to prefer plain white bread to whole-wheat bread
Economics