The cost of attending college
a. is entirely monetary and consists of expenditures on tuition, books, transportation, and meals
b. is not monetary, but consists solely of forgone income
c. is the most valued alternative given up to attend college
d. is negligible for most people, because they really have no choice but to attend college
e. is the same whether you attend a public or a private college
C
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The basic aggregate demand and aggregate supply curve model helps explain
A) price fluctuations in an individual market. B) short-term fluctuations in real GDP and the price level. C) long-term growth. D) output fluctuations in an individual market.
Under U.S. law, foreign ________ is (are) illegal in U.S. markets
A) dumping and export subsidies B) dumping only C) export subsidies only D) None of the above are illegal
The more bidders there are at an oral auction,
a. the higher the expected selling price b. the higher each bidder bids c. the longer that each bidder will continue to bid d. the less each bidder will shade his bid
Potential GDP would increase if
A. the rate of capital depreciation increased. B. the labor force decreased. C. the price level grew. D. the rate of capital growth increased.