The opportunity cost of taking an on-line history class is
A) the cost of tuition and fees only.
B) zero because there is no classroom time involved if you are enrolled in the course.
C) the value of the time spent on line.
D) the knowledge and enjoyment you receive from taking the class.
E) equal to the highest value of an alternative use of the time and money spent on the class.
Question 2
When unemployment is above its natural rate, the inflation rate will eventually
A) increase.
B) become equal to the natural rate of unemployment.
C) move to its natural rate.
D) decrease.
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