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Author Question: The opportunity cost of buying a good includes I. the price of the good. II. the value of time spent ... (Read 124 times)

Tirant22

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on: Jun 29, 2018
The opportunity cost of buying a good includes I. the price of the good. II. the value of time spent searching for the good.
 
  A) only I
  B) only II
  C) both I and II
  D) neither I nor II

Question 2

The following data describe France's economy in 2008.
 
  Consumption 234 billion euros
   Government expenditure 93 billion euros
   Investment 88 billion euros
   Exports 128 billion euros
   Imports 137 billion euros
 
  From the data, we can conclude that in France
  A) net exports totaled -11 billion euros.
  B) GDP equaled 424 billion euros.
  C) GDP equaled 680 billion euros.
  D) Net exports totaled 265 billion euros.


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reversalruiz

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

C

Answer to Question 2

A


Tirant22

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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