What is the opportunity cost of investing $10,000 of your own money into a business you wish to start?
What will be an ideal response?
The opportunity cost of your $10,000 is the monetary gain you forego because you cannot invest the money elsewhere.
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Open-market operations, changes in reserve requirements, changes in the discount rate, and changes in the interest rate on reserves are known as
A) goals. B) intermediate targets. C) instruments. D) derivatives.
Assume that autonomous expenditures in an economy decreased by $10 billion. What is the change in aggregate demand at a given price level if the MPC is 0.5?
a. increase by $50 billion b. increase by $10 billion c. decrease by $20 billion d. decrease by $10 billion
If the demand curve shifts outward and the supply curve remains the same, price will fall
a. True b. False Indicate whether the statement is true or false
The explanations for the slopes of the aggregate demand and short-run aggregate supply curves are the same as the explanations for the slopes of demand and supply curves for specific goods and services
a. True b. False Indicate whether the statement is true or false