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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 28
When evaluating options, good economists consider _________.
A) Only explicit costs and benefits
B) Only implicit costs and benefits
C) Both implicit and explicit costs and benefits
D) Neither implicit nor explicit costs and benefits
A) Only explicit costs and benefits
B) Only implicit costs and benefits
C) Both implicit and explicit costs and benefits
D) Neither implicit nor explicit costs and benefits
Explanation
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Verified
Explicit cost is a direct payment made i...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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