Ted quits his $60,000-a-year job to be a stay-at-home dad. What is the opportunity cost of his decision?

A) zero, since he will no longer be earning a salary
B) depends on the "going rate" for stay-at-home dads
C) at least $60,000
D) the value he attributes to the joy of parenting


Answer: C

Economics

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In principle, households ultimately control:

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During a recession, automatic stabilizers cause the federal deficit to

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A health club requires six-months advanced payment. A commuter railroad offers discounted monthly tickets. What do they clearly have in common?

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