Karim wants to invest $100 in the stock market and does eight hours of research to decide which stock to buy. In this case, the value of Karim's time spent on doing the research will be an example of a:

Question

Quizplus · Accepted Answer

The value of Karim's time spent on doing the research is an example of a transaction cost, which refers to the expenses incurred in making an economic exchange, including the time and effort invested in researching and finalizing the transaction.

Karim Wants to Invest $100 in the Stock Market and Does