Which of These Is NOT an Example of a Sunk

question 388

Multiple Choice

Which of these is NOT an example of a sunk cost that is subject to poor economic decision making?

• A) a registration fee for a local 10K race
• B) tuition that you paid for an economics course
• C) a new laptop that you purchased for school
• D) an appraisal fee to determine the value of a house you are thinking of buying

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Definitions:

Problems

Issues or obstacles that arise and need to be dealt with or overcome in various contexts, including economic, social, and personal.

Obama Administration

The executive branch of the U.S. government from 2009 to 2017, under the leadership of President Barack Obama.

Transfer Payments

Payments made by governments to individuals or other governments without receiving any goods or services in return, such as social security or grants.

Aggregate Demand

Aggregate demand represents the total demand for all goods and services within an economy at a given overall price level and in a given time period.