Author Question: A sunk cost has no effect on supply because it A) applies to all suppliers. B) can be passed on ... (Read 60 times)

cookcarl · **on:** Jun 29, 2018

A sunk cost has no effect on supply because it

A) applies to all suppliers.
B) can be passed on to consumers.
C) cannot be avoided by not supplying.
D) cannot be passed on to consumers.
E) did not have to be incurred in order for the good to be supplied.

Question 2

When countries specialize in what they do efficiently and trade, the material wealth of nations

A) expands.
B) contracts
C) remains the same.
D) Need more information to answer this question.