If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the sunk cost is
A) $10,500.
B) $7,500.
C) $18,000.
D) $0.
A
Economics
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The legislation overturning the Glass-Steagall Act is
A) the McFadden Act. B) the Gramm-Leach-Bliley Act. C) the Garn-St. Germain Act D) the Riegle-Neal Act.
Economics
If your income and the price level both rise by 5 percent, and you think you now have more real income, you are suffering from
A) diminishing marginal expectations. B) leakages. C) injections. D) money illusion.
Economics