The full opportunity costs of production are calculated as the sum of both explicit and implicit costs

Which of the following asset would be considered money?

A. An asset that has value and could at some time be accessed in order to make transactions. B. An asset that can be bought or sold using a widely-used means of payment. C. An asset that can be easily converted into a widely-used means of payment with little loss in value. D. An asset that is infrequently used as a means of payment. Correct. For this reason, savings accounts and money market mutual funds are usually counted as money.

The decrease in consumption and investment interest-related spending that occurs when the interest rate rises as government spending increases is called:

A) crowding in. B) crowding out. C) neutral. D) none of the above.