Which of these is NOT an example of opportunity cost?

A. Lobster catchers in Point Judith, Rhode Island continued to trap lobsters at the cost of depleting the lobster population.
B. President George W. Bush's administration has pushed for oil exploration in the Arctic National Wildlife Refuge in Alaska at the cost of environmental preservation.
C. Lobster catchers in Port Lincoln, Australia paid a licensing fee for the right to own lobster traps.
D. The "bridge to nowhere" to be built near Anchorage, Alaska comes at the cost of adding to the federal budget deficit.


C. Lobster catchers in Port Lincoln, Australia paid a licensing fee for the right to own lobster traps.

Economics

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Refer to the table below. Corey's opportunity cost of delivering of a pizza is making: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015

A. 2 pizzas. B. 12 pizzas. C. 1/2 of a pizza. D. 6 pizzas.

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Chipotle offered free burritos to celebrate teachers. What type of price discrimination does this demonstrate?

A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.

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What are the three major types of unemployment? What are their causes?

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In a Lorenz curve, perfect income equality is represented by

A) a vertical line. B) a horizontal line. C) a rectangular hyperbola. D) a 45-degree line originating from the origin.

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