When Ford hires Ernst and Young Consulting to help Ford redesign its marketing, Ford's payment to Ernst and Young is classified as
A) an explicit cost.
B) depreciation.
C) an implicit cost.
D) normal profit.
E) economic profit.
A
Economics
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Which of the following is the best example of a public good?
a. food stamps b. police services c. trash removal d. a restaurant meal e. an IPad
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Historically, the government has used fiscal policy to affect the economy through
a. central planning. b. indicative planning. c. aggregate demand. d. aggregate supply.
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