Sunk costs
A) are costs that firms sink into marketing.
B) are important for optimal decision making.
C) are costs associated with repairing something you already own.
D) are costs that have already been paid and cannot be recaptured in any significant way.
D
Economics
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The term "business cycle" most closely refers to the
A) fluctuating profits of firms. B) fiscal year. C) accounting period used by firms. D) alternating periods of expansions and recessions.
Economics
An unintended byproduct of a market exchange that is allocated outside the market system is _____
a. a restrictive covenant b. an externality c. a pollution right d. an external damage
Economics