Which of the following would be example(s)of the resource cost of inflation?
A) Shopping several web sites to check prices
B) Changing price tags
C) Re-printing menus
D) The wear and tear on your car from additional trips to the bank
E) All of the above

Question

Quizplus · Accepted Answer

All of the above examples would be considered resource costs of inflation. Shopping around for prices and changing price tags are directly related to the increased prices caused by inflation. Re-printing menus is necessary for businesses that need to adjust their prices due to inflation. Additional trips to the bank, due to having to withdraw more cash to keep up with higher prices, would contribute to the wear and tear on a car.

Which of the Following Would Be Example(s)of the Resource Cost