Fred and Ann both decide to see the same movie when they are given free movie tickets. We know that
A) both bear an opportunity cost since they could have done other things instead of see the movie.
B) both bear the same opportunity cost since they are doing the same thing.
C) the cost of going to the movie is greater for the one who had more choices to do other things.
D) neither bears an opportunity cost because the tickets were free.
A
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A) 1973. B) 1981. C) 1990. D) 2001.
Compliance with wage and price controls by unions and businesses is strictly voluntary
a. True b. False Indicate whether the statement is true or false
If policymakers deem inflation as being too high, then the policy response should be monetary ________, which shifts aggregate demand ________.
A. easing; right B. easing; a left C. tightening; right D. tightening; left
Which of the following was the first to prohibit "conspiracies in restraint of trade"?
A. The Sherman Act. B. The Gramm-Rudman Act. C. The Federal Trade Commission Act. D. The Clayton Act.