An accountant shows an invoice for a resource to the manager of the firm. They are discussing
A) explicit costs.
B) implicit costs.
C) economic profits.
D) either explicit costs or implicit costs, but we can't tell without more information.
A
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From the figure below, please provide an explanation for the large decline in the growth rate of international reserves held by developing countries in the 2008-2009 period
What will be an ideal response?
The characteristics that create a vicious cycle of poverty in less developed countries are
a. low levels of current production and a declining population b. stagnant production, poor infrastructure, and a declining population c. low current output per capita, high population growth rates, and poor infrastructure d. inefficient governments, low current production, and low tax rates e. political instability and low population growth