You like to sleep until 11:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A) nothing, since you can go back to bed later
B) sleep
C) obtaining the notes from the 8:00 am class
D) the credit hours earned from the 8:00 am class
Answer: B
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High marginal tax rates will
What will be an ideal response?
If the receiver in the "ultimate bargaining game" cares not just about his final wealth level but also about fairness,
A. the allocator will make a one-sided offer. B. the receiver will reject a one-sided proposal. C. the receiver will always receive the full $20. D. the receiver will accept a one-sided offer.
Which of the following scenarios would result in economic growth in the country of Everland?
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Which currency below currently serves as a dominant reserve currency?
A) European euro B) U.S. dollar C) Japanese yen D) British pound