Some Costs Associated with Anticipated Inflation Are

question 27

Multiple Choice

Some costs associated with anticipated inflation are:

• A) menu and shoe- leather costs.
• B) opportunity and marginal costs.
• C) outsourcing and a larger trade deficit.
• D) transaction and settlement costs.

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Definitions:

SARS

Severe Acute Respiratory Syndrome, a viral respiratory illness caused by a coronavirus, characterized by fever and respiratory symptoms.

Contagious

Capable of being transmitted from one individual to another through direct or indirect contact.

Fatal

Resulting in death; having a deadly or lethal outcome.

SARS

Severe Acute Respiratory Syndrome, a contagious respiratory illness caused by a virus in the coronavirus family that first emerged in 2002-2003.