Which of the following is an example of a sunk cost? A) The ...

[EY67]

Which of the following is an example of a sunk cost?
 
  A) The cost incurred in painting a new office space
  B) The wage paid to workers in a mill
  C) The cost of raw materials used in a factory
  D) The cost of electricity used in the office

Question 2

If you withdraw currency from your checking account for cash, you are
 
  A) increasing M1, decreasing M2.
  B) increasing both M1 and M2.
  C) decreasing both M1 and M2.
  D) not affecting M1 or M2.
  E) increasing M1 but not affecting M2.

[scrocafella]

Answer to Question 1

A

Answer to Question 2

D

[EY67]

Correct answers!

[scrocafella]

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