Which of the following is an example of an implicit cost?
A) rent on a building
B) the cost of fertilizer for a farmer
C) the economic depreciation of capital equipment the business owns
D) the cost of fuel and materials.
E) wages paid to workers
C
Economics
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In an economy, the portion of household spending that occurs independent of household income is known as
A) autonomous consumption. B) dissavings. C) the marginal propensity to consume. D) the consumption function.
Economics
Export promotion is widely regarding by economists as a positive role for government policy makers to play because it is very effective at promoting economic growth
Indicate whether the statement is true or false
Economics