If Abercrombie & Fitch borrows $8 million from a bank to finance the construction of a new store, this is an example of

The U.S. federal debt as a percentage of GDP is currently on the rise

a. True b. False Indicate whether the statement is true or false

There are two types of costs associated with production: ____ costs that require monetary payments, and ____ costs that do not

a. implicit; accounting b. accounting; explicit c. implicit; explicit d. explicit; implicit