Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit costs of her bakery business.
a. rent she pays for the commercial space
b. teaching salary she gave up to start her bakery
c. monthly payments she makes for bakery equipment
d. wages she pays her counter assistant
b. teaching salary she gave up to start her bakery
Economics
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Unemployment that is the result of recessions is called
A) frictional unemployment. B) cyclical unemployment. C) downtime unemployment. D) structural unemployment.
Economics
What two factors determine labor productivity? Explain which of the two is more important
What will be an ideal response?
Economics