The opportunity cost of a given investment is the potential earnings forfeited by tying up money in the investment.
Answer the following statement true (T) or false (F)
True
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A property tax is based on the income of the taxpayer, not the value of the property
Indicate whether the statement is true or false
The "prisoner's dilemma" is a result of
a. differentiated products b. large number of participants c. game theory d. certain outcomes e. open market entry
In real terms, the cost of government spending is measured by
A. Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources. B. The public sector output sacrificed when the government employs scarce resources. C. The private sector output sacrificed when the government employs scarce resources. D. Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
You have savings accounts at two separately FDIC insured banks. At one of the banks your account has a balance of $200,000. At the other bank the account balance is $60,000. You find out the banks are going to merge. If you are concerned about the possibility of the new bank failing, you should:
A. consider moving $10,000 to another account at a different bank. B. do nothing; you are still insured up $250,000 per account. C. do nothing; as an individual you are only insured up $250,000 no matter where the accounts are. D. consider moving $10,000 to another account at the same bank.