The opportunity cost of studying for an economics test is
A) Negative because it may improve your grade.
B) Zero because you knew when you registered for the class that studying would be required.
C) The money you spent on tuition for the class.
D) The best alternative use of your time.
Correct Answer:
Verified
Q1: Which of the following is an assumption
Q5: Opportunity cost may be defined as the
A)Goods
Q5: Economics can be defined as the study
Q8: A consequence of the economic problem of
Q8: The role of the entrepreneur in an
Q9: The basic factors of production include
A)Land,labor,money,and capital.
B)Land,labor,money,and
Q10: The fundamental problem of economics is
A)The law
Q11: Which of the following is not one
Q14: Capital,as economists use the term,refers to
A)The money
Q15: Given that resources are scarce,
A)A "free lunch"
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