To an economist, the economic costs associated with the use of resources include
A. explicit and implicit costs.
B. explicit, but not implicit, costs.
C. neither implicit nor explicit costs.
D. implicit, but not explicit, costs.
Answer: A
Economics
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Under a k-percent rule, if the economy goes into expansion, the Fed would
A) increase the quantity of money. B) raise the federal funds rate. C) lower tax rates to keep revenue constant. D) lower the federal funds rate. E) None of the above answers is correct.
Economics
The People's Bank of China has
A) allowed a flexible exchange rate to boost exports. B) managed its exchange rate to help control inflation. C) strictly followed a fixed exchange rate to boost exports. D) purchased U.S. dollars to appreciate the yuan.
Economics