Upon graduating from high school you have a job offer which would provide you with $20,000 in income for the coming year. You have also been accepted to Isaac and Avery college. Tuition for the coming year at I&A college is $15,000 . room and board is $10,000 and you expect that books will cost you $2,000 . What is the opportunity cost of attending I&A college?
a. $37,000
b. $27,000
c. $20,000
d. $32,000
e. $47,000
A
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Consumers should purchase a good up to the point where MU = P
a. True b. False Indicate whether the statement is true or false
In the 1937-1938 economic downturn
A. the number of unemployed rose dramatically by about 5 million. B. industrial production fell by 30 percent. C. presidential as well as Federal Reserve policy helped to cause the decline. D. All of the choices are true.
The marginal propensity to save is
A) real consumption/real disposable income. B) change in real saving/change in real disposable income. C) change in real consumption/change in real disposable income. D) real saving/real disposable income.
What was not a significant cause of the Great Depression?
a. Bank failures b. Stock market crash c. Government fiscal and monetary policy d. Large increase in imports that took jobs away from American workers