An example of an opportunity cost is the time you forgo to eat a "free lunch."
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to Scenario 5.4. What is the deviation of outcome A?
A) 30 B) 50 C) 75 D) 100
Whenever a nation's currency is expected to depreciate because of various market conditions, the following situation exists regarding its forward rate for another currency:
a. there is a forward discount from the spot rate by the rate of depreciation. b. there is a forward premium from the spot rate by the rate of depreciation. c. there is no difference between the spot and forward rates. d. there is no predictable relationship between the spot and forward rates
Al-Qaeda operatives claimed that the September 11th terrorist attacks inflicted damage upon the U.S. of
A. more than $1 trillion. B. between $1 billion and $10 billion. C. between $10 billion and $100 billion. D. almost $1 million.
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.