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Author Question: Ron regularly deposits 200 each week into a savings account, which earns 3 interest per year. This ... (Read 59 times)

JMatthes

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on: Jun 29, 2018
Ron regularly deposits 200 each week into a savings account, which earns 3 interest per year. This month he decides instead to invest 200 into the stock market. What is the opportunity cost of Ron's decision to invest rather than save?
 
  A) 200
  B) The 3 interest he could have earned by depositing another 200 into his savings account
  C) The difference between the rate of return he enjoys in the stock market and the 3 interest return he could have earned by depositing that 200 into his savings account
  D) Zero, because Ron already had the 200

Question 2

What are the reasons some people choose to be part-time workers?
 
  What will be an ideal response?


durant1234

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Some people are part-time workers for economic reasons: They want full-time work but cannot find it. These people are called involuntary part-time workers. Other people choose to be part time for non-economic reasons. These reasons include health problems, family or personal responsibilities, and/or educational commitments that limit availability for work.


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