Suppose that Rosa is considering migration to another country. To move, she will have to spend $5000 on transportation and $4000 in application and other processing fees. Rosa's stream of future earnings in her home country is $500,000. She expects to earn a stream of future earnings of $800,000 in another country. Based on this information, Rosa's explicit cost of migrating is:
A. $9,000
B. $500,000
C. $507,000
D. $5,000
A. $9,000
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? Refer to Table 4-1. At $4, what is the shortage?
A. 0 B. 1,500 C. 3,000 D. 4,500 E. 6,000
If the four-firm concentration ratio in an industry increases, the industry
a. must have become more competitive. b. must have become a monopoly. c. must have become less competitive, although not necessarily a monopoly. d. may or may not have become less competitive.
Price discrimination leads to higher prices for all consumers
a. True b. False Indicate whether the statement is true or false
The voting members of the Federal Open Market Committee are
A. the presidents of the 12 Federal Reserve banks and three members of the Board of Governors. B. all of the members of the Board of Governors and all of the presidents of the 12 Federal Reserve banks. C. all of the members of the Board of Governors and five of the presidents of the 12 Federal Reserve banks. D. only the members of the Board of Governors.