Which of the following should not be considered as an opportunity cost of attending college?
a. Expenses that are the same whether or not you attend college
b. Lost salary
c. Business lunches
d. Interest that could have been earned on your money had you put the money into a savings account, rather than spent it on tuition
e. Opportunities sacrificed in the decision to attend college
a
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If the price of Pepsi increases, then there will be ________ of Pepsi.
A. a decrease in the supply B. a decrease in the quantity supplied C. an increase in the supply D. an increase in the quantity supplied
If households consume less at each level of disposable income, they are
A. working less. B. saving more. C. spending more. D. saving less.
The belief that the U.S price level will rise in the future will tend to cause, other things the same ________
A) no change in the value of the U.S. dollar B) an increase in the value of the U.S. dollar C) no change in the value of the U.S. dollar in the short-run D) a decrease in the value of the U.S. dollar
In the short run, an increase in the price level: a. increases output prices relative to input prices. b. increases the profit margins of many producers. c. increases RGDP supplied
d. all of the above