Susan is trying to decide whether to quit her $20,000 per year job so she can return to college next year as a full time student. If she goes to college next year, her books and supplies will cost $500, tuition will cost $3,000, and her other expenses (transportation, housing, and food) will increase by $2,000. What is Susan's opportunity cost of attending college next year?
A) $5,500
B) $3,000
C) $25,500
D) $3,500
C) $25,500
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A. 5 B. ?.5. C. ?2. D. ?72.
Economists usually use the term "recession" to refer to:
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The ________ determines the supply of money.
A. Congress B. President C. Federal Reserve D. banking system
If a worker produces more because they have more (but not necessarily better) capital with which to work, that will
A. increase labor force productivity and total factor productivity. B. increase labor force productivity but not necessarily total factor productivity. C. increase labor force productivity but decrease total factor productivity. D. increase neither labor force productivity, nor total factor productivity.