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
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What will be an ideal response?
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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.
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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.
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Economic growth solves the problem of scarcity
a. True b. False Indicate whether the statement is true or false
Economics