Menu costs refer to the:
a. costs of changing price lists
b. start-up costs incurred by a firm that cannot be recovered.
c. costs of the alternatives that must be forgone in order to pursue a certain action..
d. costs of producing an extra unit of output.
a
Economics
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On a bank's balance sheet, "borrowings" are
A) loans to households. B) loans to businesses. C) nondeposit liabilities. D) U.S. Treasury securities.
Economics
The consumer basket used calculating the CPI depends on the goods and services selected in the base year. Suppose in 2000 we used 1952 as a base year. It would be less representative of the goods and services we buy in 2000 because the only good included in the CPI would be
a. personal computers b. CDs c. VCRs d. roller blades e. bread
Economics