A certificate of indebtedness that specifies the obligations of the borrower to the holder is called a

a. bond.
b. stock.
c. mutual fund.
d. All of the above are correct.

a

Economics

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Implicit costs are measured by

A) the value of the next-best alternative uses of inputs. B) actual expenses paid by a firm. C) total revenues minus total costs. D) the lowest value of all alternative uses of inputs.

Economics

Give an example not in the text of how price ceilings can lead to a shortage.

What will be an ideal response?

Economics