A decrease in the value of a currency is called a(n)
A) depreciation. B) integration. C) appreciation. D) consolation.
A
Economics
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You paid $145 for an iPod Nano. The cash you sacrificed is a(n)
A) explicit cost. B) implicit cost. C) deferred cost. D) accrued cost.
Economics
Holding all other things constant, a higher price for ski lift tickets would
a. increase the number of skiers. b. increase the price of skis. c. decrease the number of skis sold. d. decrease the demand for other winter recreational activities.
Economics