A college dean has a __________ opportunity cost of __________ than a college student working in a minimum-wage job
a. lower; leisure
b. lower; nonmarket work
c. lower; market work
d. higher; nonmarket work
e. higher; market work
D
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Which of the following would not increase French exports to the United States?
a. an appreciation of the U.S. dollar b. an appreciation of the euro c. a depreciation of the euro d. an increase in French preferences for American goods e. an increase in real income in France
Which of the following is considered to be a fixed cost of operating an automobile?
a. Gasoline b. Tires c. Registration fees d. Maintenance e. Oil change
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.
Checkable deposits are money because they are
A. legal tender. B. fiat money. C. a medium of exchange. D. token money.