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Sonja [21]
2 years ago
14

In an international transaction involving a bank as a third party, the exporter ships the product after:

Business
1 answer:
nataly862011 [7]2 years ago
8 0

Answer: the bank promises to pay on the importer’s behalf

Explanation:

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The implicit cost here is the opportunity cost, which is the amount she would have earned at her previous job. Another implicit cost here is the $10,000 he is supposed to pay for rent but does not since he owns the building

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