An electrician quits her current job, which pays $40,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is
A) $5,000.
B) $40,000.
C) $45,000.
D) $85,000.
C
Economics
You might also like to view...
In IS-LM analysis, the nominal interest rate is
A) purely a monetary phenomenon. B) purely a real phenomenon. C) both a monetary and a real phenomenon. D) neither a real nor a monetary phenomenon, but determined by government policy.
Economics
When government agencies become privatized:
A. they are sold to private companies. B. stock is created and sold to the public. C. private stock is sold to private households. D. they are rarely regulated.
Economics
Economic growth solves the problem of scarcity
a. True b. False Indicate whether the statement is true or false
Economics
Because GDP does not fully account for improvements in the quality of goods, the GDP calculation
What will be an ideal response?
Economics