One major part of the opportunity costs of one's decision to go to college after high-school graduation is the:
A. Additional income that one can get if one had a college degree
B. Education that one gets while in college
C. High-school diploma needed in order to apply for college
D. Full-time job that one could have gotten instead of going to college
Answer: D
You might also like to view...
In the game in Scenario 13.17, who moves first?
A) Potential Entrant B) Incumbent Monopoly C) It's a sequential game; firms alternate moving first. D) Both players move simultaneously. E) Who moves first is decided by the equilibrium.
Which of the following is not an example of a factor of production?
a. A forest. b. A computer program. c. A labor leader. d. Dollars.
A stock is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
What does the phrase "owners' equivalent rent" mean?
A. It is the price of a home. B. It is the value of three years' worth of housing services. C. It is the value of a year's worth of housing services. D. It is the price of five years' worth of housing services.