Whom among the following was a classical economist?
A) Adam Smith
B) A. C. Pigou
C) David Ricardo
D) all of the above
Question 2
Fred and Ann both decide to see the same movie when they are given free movie tickets. We know that
A) both bear an opportunity cost since they could have done other things instead of see the movie.
B) both bear the same opportunity cost since they are doing the same thing.
C) the cost of going to the movie is greater for the one who had more choices to do other things.
D) neither bears an opportunity cost because the tickets were free.
