Which of the following statements is FALSE about opportunity cost?
A) Cost is always foregone opportunity.
B) Opportunity cost is the next best alternative.
C) John wants a burger and fries. The concept of opportunity cost applies even though he has enough funds to buy both.
D) Opportunity cost exists only for goods with monetary values.
D
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A) Public goods B) Private goods C) Common pool resources D) Club goods
A $25,000 price tag on a new car is an example of money as
A) a medium of exchange. B) a unit of account. C) a store of value. D) a time deposit.
An increase in the liquidity of corporate bonds, other things being equal, shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right B) right; left C) left; left D) left; right
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A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.