Which of the following can be classified as a highly specific asset?

a. A country's soldiers
b. A wind turbine in an installation that produces "renewable" electricity
c. A cattle farm
d. A cruise ship

B

Economics

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The money the North Korean government spent to purchase a closed British brewery was a(n) ________ cost, and the choice to brew beer in this brewery instead of using the resources to feed the people of North Korea is a(n) ________ cost

A) explicit; explicit B) explicit; implicit C) implicit; implicit D) implicit; explicit

Economics

One reason the AD curve is downward sloping is the __________ effect

A) wage rate B) productivity C) interest rate D) structural E) none of the above

Economics