The opportunity cost of attending 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.
Answer: C
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List all the influences on selling plans, and for each influence, say whether it changes supply
What will be an ideal response?
If the business taxes decreased for a firm, then we might expect investment spending to: A. increase.
A. increase. B. decrease. C. remain constant. D. there is not enough information to determine what would happen.
Which of the following would be included in the expenditures approach to calculating U.S. GDP?
a. Wage and salary payments to U.S. workers b. Interest paid on borrowed funds c. Government payments of social security benefits d. Purchases of new trucks by Federal Express e. Wage payments to U.S. citizens working outside the U.S.
A savings account functions as
A) a unit of account. B) a store of value. C) a medium of exchange. D) none of the above