Maxine and Deborah both got hair extensions, costing each of them $300. Maxine's hair was done perfectly. She enjoyed the new look. The job on Deborah's hair was all botched u
A) Deborah did not incur a sunk cost.
B) Maxine did not incur a sunk cost.
C) Both Maxine and Deborah each incurred a $300 sunk cost.
D) Only the hairdresser incurred a sunk cost.
A
Economics
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The amount of time it takes Congress to debate the size of a tax cut is known as the
A) recognition time lag. B) action time lag. C) effect time lag. D) Ricardian-equivalence time lag.
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Financial intermediation is best defined as the process by which
A) corporations issue new stock. B) liabilities are liquidated. C) financial institutions accept savings from savers and make loans to investors. D) inflation is controlled.
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