Your opportunity cost of taking this course is the:
A. cost of the activity you would have chosen if you had not taken the course.
B. tuition you paid for the course.
C. net benefit of taking this course.
D. net benefit of the activity you would have chosen if you had not taken the course.
Answer: D
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All charitable donations in Richland are tax-deductible. However, it was found that the volume of charitable contributions declined significantly when the income tax rate in Richland was lowered
What is the reason behind such an outcome? Explain with an example.
In the United States, the percentage of households that have incomes below the mean income is
A) 50 percent. B) less than 50 percent. C) more than 50 percent. D) 0 percent.
The income effect measures how
a. the quantity of a good supplied changes in response to a change in income b. the quantity of a good demanded changes in response to a change in the price of a good, with income constant c. far the budget line shifts due to a change in income d. the quantity of a good demanded changes in response to a change in purchasing power e. income changes when prices change, holding quantities demanded constant
A financial institution's leverage ratio is defined as:
a. Profit / Revenue. b. Total Assets / Shareholders' Equity. c. Shareholders' Equity / Total Assets. d. Value of Delinquent Loans / Value of All Loans. e. Total Debt / Total Revenue.