John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third study for an economics exam, and fourth answer his e-mail. What is the opportunity cost of attending the concert for John?
A) attending a movie
B) studying for an economics exam
C) answering his e-mail
D) attending a movie, studying for an economics exam, and answering his e-mail
E) going to the concert because that is what John choose to do
A
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Look at the above figure. A union wishes to maximize wage income for employed union members, so it should aim for a wage rate ________ and a number of employed members equal to ________
A) W1, Q3 B) W2, Q2 C) W3, Q1 D) W4, Q3
_____ and _____ are examples of complementary products
a. Coke; Pepsi b. Coffee; tea c. Hot dogs; hot dog buns d. Pens; pencils
The direct costs in an economic evaluation include the all the following except:
a. reduced productivity at work. b. the cost of home remodeling to accommodate a physical handicap. c. hospitalization. d. medical devices. e. transportation to and from the physician's office.
For an aggregate demand curve with = 10% and = 0%, if inflation is 6%, then real growth is:
What will be an ideal response?