An implicit cost is
A) a nonmonetary opportunity cost. B) a cost that involves spending money.
C) a cost unique to sole proprietorships. D) a cost unique to corporations.
A
Economics
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During the 2007-2009 financial crisis the currency ratio
A) increased sharply. B) decreased sharply. C) increased slightly. D) decreased slightly.
Economics
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Economics