The opportunity cost of going to college might best be described as
A) the money that must be paid in order to attend college.
B) the lowest—valued alternative use of the student’s time.
C) the highest—valued alternative use of the student’s time.
D) the value that the student attaches to not working.
C) the highest—valued alternative use of the student’s time.
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What are two “safe” or reasonable conclusions that can be drawn on about the acceleration in productivity growth?
Please provide the best answer for the statement.
Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product, to answer the next question.
If the economy is opened to free trade, the price and quantity of this product sold would be
A. Pa and z. B. Pc and v. C. Pc and z. D. Pt and y.
The price elasticity of demand for movies is approximately 1 and 500,000 tickets are sold per day. If the average price of a movie ticket increases by 20 percent, the number of tickets sold each day decreases to ________
A) 400,000 B) 300,000 C) 420,000 D) 475,000
RBC theory leads to ________ government macro-stabilization policy, due to the theory's assumption of ________
A) a rationale for, slow wage and price adjustment B) a rationale for, continuous market-clearing C) a rejection of, slow wage and price adjustment D) a rejection of, continuous market-clearing