The main factor that explains the difference between accounting cost and economic cost is

A) opportunity cost.
B) fixed cost.
C) variable cost.
D) All of the above help to explain the difference.

A

Economics

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A price maker is a firm that:

A) has the power to affect the price of the product it sells. B) earns economic profits in both the short run and the long run. C) can sell any quantity of its product at the prevailing market price. D) sells its products at a price equal to the marginal cost of production.

Economics

The U.S. Treasury is responsible for controlling the money supply and interest rates in the economy

Indicate whether the statement is true or false

Economics