Say you had an 8 A.M. economics class, and you only come to campus to attend your economics class. The cost of coming to the economics class would then include:
a. the value of the time it took to drive to campus.
b. the cost of the gasoline it took to get to campus.
c. the cost of insuring the car for that day.
d. a. and b.
Question 2
Which of the following best describes the relationship between economic growth and literacy?
a. As the economy grows, literacy declines because it becomes less and less useful in a developed economy.
b. Increased literacy initially stimulates economic growth by raising labor productivity, but as the economy grows and the opportunity cost of education rises, literacy declines.
c. Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume more education.
d. There is no correlation between economic growth and literacy.
Social class and social status
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economics
Economics question