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miaboyd12 miaboyd12
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Posts: 348
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6 years ago
Economists argue that:
 a. accounting costs consider all types of costs including implicit costs
  b. there is an opportunity cost associated with all decisions.
  c. economic decisions do not have opportunity costs but other decisions do.
  d. economic decisions should consider sunk costs

QUESTION 2

If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has increased
 a. Appreciate
 b. Depreciate
 c. Not change in value
  d. None of the above

QUESTION 3

Wearing an expensive business suit to an interview is a kind of
 a. Screening mechanism
  b. Signaling mechanism
  c. Way to waste money
  d. None of the above

QUESTION 4

The opportunity cost of an action:
 a. is equal to the marginal cost of an action
  b. is equal to explicit cost
  c. is equal to the next best alternative forgone
  d. is the total cost of an action

QUESTION 5

If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to depreciate, since the supply of Yen has________
 a. Not changed
 b. Decreased
 c. Increased
 d. None of the above

QUESTION 6

Which of the following is NOT a way to signal high quality
 a. wearing a business suit on a job interview
 b. leaving a big tip for the waiter after a dinner date
 c. offering an expensive engagement ring to your bride
  d. Doing messy chores before a big date

QUESTION 7

A business owner makes 100 . items a day. Each day he/she contributes 8 hours to produce those items. If hired, elsewhere he/she could have earned 250 an hour. The item sells for 15 each. Production does not stop during weekends. If the explicit costs total 150,00 . for 30 days, the economic profit for the month equals:
 a. 300,000
  b. 60,000
  c. 450,000
  d. 240,000

QUESTION 8

In the market for Canadian dollars measured in US dollars, if the price of a US dollar is 1.10 Canadian dollars, a Canadian dollar is
 a. 1.10 US dollars
  b. 1 US dollar
 c. 0.91 cents US
 d. 0.99 cents US

QUESTION 9

Which of the following is NOT a way to signal high quality
 a. wearing a business suit on a job interview
 b. leaving a big tip for the waiter after a dinner date
  c. offering a cheap engagement ring to your bride
  d. Visiting the beauty salon before a big date
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hakeem_tdhakeem_td
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Posts: 370
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6 years ago
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miaboyd12 Author
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6 years ago
Thanks
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Yesterday
Smart ... Thanks!
wrote...

2 hours ago
Thanks for your help!!
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