Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Within the balance of payments, a current account deficit is offset by a:

A) financial account deficit. B) financial account surplus. C) budget deficit. D) budget surplus.

Which of the following is an implicit cost?

a. salaries paid to owners who work for their own firm b. interest on money borrowed to finance equipment purchases c. cash payments for raw materials d. wages paid to hourly employees e. foregone rent on office space owned and used by the firm