Purchase Solution

Verifty Answers

Not what you're looking for?

Ask Custom Question

The opportunity cost of attending college is____________.
a. the money one spends on college tuition, books, and so forth
b.the highest valued alternative one forfeits to attend college
c. the least valued alternative one forfeits to attend college
d. equal to the salary one will earn when one graduates from college

i say it is b is that correct?

Macroeconomics deals with____________.
a. what is
b. what should be
c. relatively small units in the economy
d. aggregates of the entire economy

I say it is d is that correct?

Economics deals with the actions of______________.
a. individuals only
b. societies only
c. both individuals and societies
d. neither individuals nor societies

I say it is c am I correct?

Choice is fundamentally a consequence of_____________.
a. living in a world where there is both good and bad
b. how wealthy one is
c. scarcity
d. opportunity cost

I say it is D this that corect?

Purchase this Solution

Purchase this Solution


Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.