Which of the following would be considered an implicit cost of operating a business?
A) shipping expenses
B) Social Security contributions for employees
C) the resale value of delivery vans the company owns and uses for its deliveries
D) interest payments on a loan
Answer: C
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Consider a country that produces only two goods: pineapples and tractors. Suppose it is possible for this country to increase its production of pineapples without producing fewer tractors. In this case, its current output combination is inefficient
Indicate whether the statement is true or false
If foreign interest rates rise
A) the demand for domestic currency rises, causing it to appreciate. B) the demand for domestic currency falls, causing it to depreciate. C) the demand for domestic currency rises, causing it to depreciate. D) the demand for domestic currency falls, causing it to appreciate.