This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Steven lives in a big city where there is a shortage of parking. He has a parking spot in his ... (Read 85 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. Which of the following statements is most correct?
 
  A) The opportunity cost of using the spot is zero, because Steven owns the house.
  B) Steven has a lower opportunity cost of owning a car than his neighbor, who must rent a parking spot.
  C) The opportunity cost of using the parking spot is the price he could charge someone else for using the spot.
  D) The opportunity cost depends on how much Steven's mortgage payment is.

Question 2

The population of Potentia doubled within 20 years while its income per capita remained unchanged during the same period of time. This implies that ________.
 
  A) its price level doubled B) its gross domestic product also doubled
  C) its price level halved D) its gross domestic product remained constant
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
Wow, this really help

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Frederick Law Olmsted and Calvert Vaux, Central Park, New York City. Frederick Law Olmsted and Calvert Vaux, Central Park, New York City.
Vibration to the abdomen with the fingertips. Apply vibration from spot to spot in a clockwise ... Vibration to the abdomen with the fingertips. Apply vibration from spot to spot in a clockwise ...
The population of a city has continued to grow since 1950. The population of a city has continued to grow since 1950.
What cause the white spot area on throat? What cause the white spot area on throat?
What is the contribution of studying wing spot in the field? What is the contribution of studying wing spot in the field?
What is the contribution of studying wing spot in the field? What is the contribution of studying wing spot in the field?
Video: Conduction of action potentials

For a complete list of videos, visit our video library