For most students attending state universities, the largest cost component of going to college is
a. the cost of books and supplies.
b. the cost of room and board.
c. tuition.
d. the opportunity cost in terms of forgone current income from the time spent attending college.
D
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Refer to the demand and supply equations. At a price of $35, there will be ________
Fill in the blank(s) with correct word
Which of the following items is (are) not considered as part of the net investment calculation?
a. installation and shipping charges b. acquisition cost of new asset c. salvage value of old equipment that is being replaced d. first year's net cash flow e. c and d
A private good is a good that:
A. is consumed by a single person or household. B. cannot be used by private citizens. C. cannot result in external benefits or costs to those who don't consume. D. is available for everyone to consume, regardless of who pays.
Answer the following statements true (T) or false (F)
1) An expansionary monetary policy is one that reduces the supply of money. 2) Changes in the interest rate are more likely to affect investment spending than consumer spending. 3) The job of the Fed in limiting the supply of money may be made more complex if commercial banks initially have substantial excess reserves. 4) When QE2 and Operation Twist were implemented, the Fed suspended its policy of forward commitment.