The opportunity cost of taking an on-line history class is
A) the cost of tuition and fees only.
B) zero because there is no classroom time involved if you are enrolled in the course.
C) the value of the time spent on line.
D) the knowledge and enjoyment you receive from taking the class.
E) equal to the highest value of an alternative use of the time and money spent on the class.
E
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What is the difference between the nominal interest rate and the real interest rate?
What will be an ideal response?
Government regulations:
A. always seek to increase competition. B. sometimes protect monopoly power in certain industries. C. never protect monopoly rights. D. usually are ineffective.
One effect of the lemons problem in the used car market is that
a. the market is efficient b. without reliable information, lemons become increasingly common c. no good cars are offered on the market d. no lemons are offered on the market e. good cars sell at more than their market value
If the interest rate were 10 percent, the net present value of $100 to be received one year from now would be
a. $90. b. $90.91. c. $100. d. $110.