The Extra Costs Incurred to Avoid Holding Cash When There

question 89

Multiple Choice

The extra costs incurred to avoid holding cash when there is inflation are called the:

• A)average costs of inflation.
• B)consumer price index costs.
• C)external costs.
• D)shoe leather costs.

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Definitions:

Green Revolution

A set of research, development, and technology transfer initiatives, taking place between the 1940s and the late 1960s, that increased agriculture production worldwide, particularly in developing countries.

Industrial Pollution

Refers to pollutants released into the environment as a byproduct of industrial processes, often harming the ecosystem and health.

Environmental Disasters

Catastrophic events caused by natural or human-made factors that lead to severe disruption of the environment and loss of life, assets, and property.

Remote Goals

Long-term objectives that are significantly distant in the future, often requiring considerable time and resources to achieve.