A cost incurred in the production of a good or service and for which the firm does not need to make a direct monetary payment, is referred to as ________ cost

The term ceteris paribus means

A) the greatest good for all. B) the study of scarcity and choice. C) all other things remaining constant or equal. D) value-free and testable.

An economic boom in America should increase the

a. demand for U.S. dollars. b. demand for U.S. goods and services. c. demand for foreign currencies. d. supply of foreign currencies.