After constructing a new factory, the cost of building the factory is a
A) past cost.
B) sunk cost.
C) variable cost.
D) None of the above answers are correct.
B
Economics
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During a deflationary period,
A) the price level rises. B) the nominal interest rate does not change. C) the nominal interest rate is less than the real interest rate. D) the real interest rate is less than the nominal interest rate.
Economics
Which of the following is a statement of positive economics?
a. I hope unemployment comes down soon. b. President X's way of dealing with unemployment is better than President Y's. c. I think everyone should sacrifice to reduce the deficit. d. If taxes are reduced, unemployment will drop.
Economics