Which of the following would be most likely to increase your opportunity cost of attending college?
a. a recession in the economy that made finding a job more difficult
b. receiving a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation
c. the retirement of your favorite professor under whom you hoped to study during the next semester
d. information indicating that salaries were declining and that there were very few openings for college graduates in your field
B
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Financial innovations such as ATMs and electronic banking have caused an increase in the demand for money
Indicate whether the statement is true or false
Capital accounts are a measure of how much ____ have invested ____
a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations
Taken collectively, people in nations that engage in international trade are not likely to:
A) consume more than they were able to consume in the absence of trade. B) increase their standards of living. C) gain from lower opportunity costs of production. D) be made worse off.
The theory of resource pricing is sometimes referred to by economists as the theory of income distribution. Why?
What will be an ideal response?