A cost borne not by the producer but by other people is called ________ cost

Overvalued exchange rates were a persistent problem under ISI policies. In part, this was a deliberate policy in order to

A) increase imports. B) discourage exports. C) help targeted industries sell their exports. D) help targeted industries buy imports.

When would sunk costs be irrelevant for current decision making?

a. when the sunk costs are computed using accounting methods b. when the sunk costs are greater than variable costs c. when the sunk costs have been incurred only a short time ago d. Sunk cost are always irrelevant when making current decisions.