The opportunity cost of attending a college basketball game tonight would increase if:
a. Your friend offers to pay you more for your ticket, because he really wants to go
b. Your favorite player on the teams is injured and will not play tonight.
c. Your economics TA decides to offer a review session, for which attendance will count 10% of your course grade, at the same time as the game
d. Either a. or c. occurs
d
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Credit cards are NOT a part of the M1 or M2 money supply
Indicate whether the statement is true or false
Suppose the CPI was 95 in 1955, and suppose currently the CPI is 475 . According to the CPI, $100 today purchases the same amount of goods and services as
a. $20.00 purchased in 1955. b. $33.33 purchased in 1955. c. $47.50 purchased in 1955. d. None of the above is correct.
A budget will
A) improve your credit standing so you can use borrowing to increase your current consumption. B) All of the above. C) help you focus on those expenditures that you value highly relative to cost. D) make it more attractive for you to buy a car every couple of years.
Getting a scholarship because of good grades is an example of
a. extrinsic reinforcement b. intrinsic reinforcement c. motivation d. ERG theory