The opportunity costs associated with the use of resources owned by a firm are:

a. externalities.
b. implicit costs.
c. explicit costs.
d. sunk costs.

b

Economics

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Private costs

A) are borne by the producers of a good or service while social costs are borne by government. B) are borne by consumers of a good while social costs are borne by government. C) are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good. D) are borne by producers of a good while social costs are borne by society at large.

Economics

Suppose bank A has assets of 100, liabilities of 60, and capital of 40. Its capital ratio is

A) 40%. B) 66%. C) 25%. D) 60%.

Economics