Implicit costs are A) costs that are measured in dollars. B) ...

[tingc95]

Implicit costs are
 
  A) costs that are measured in dollars.
  B) costs that do not involve an exchange of money.
  C) costs that typically involve the exchange of money.
  D) the same as explicit costs.

Question 2

When Major League Baseball players were awarded the right of free agency, no player had to give up their own free agency in order for someone else to get it, and no one could be excluded from free agency.
 
  These two characteristics of free agency demonstrate that it meets the criteria of a A) pure public good.
  B) club good.
  C) common pool resource.
  D) pure private good.

[vickyvicksss]

Answer to Question 1

B

Answer to Question 2

A