Author Question: An old friend takes you out to dinner and pays for your meal. Which of the following best represents ... (Read 82 times)

leo leo · **on:** Jul 1, 2018

An old friend takes you out to dinner and pays for your meal. Which of the following best represents your opportunity cost?

A) the amount of money you would have spent to pay for the dinner yourself
B) the money your friend could have made buying a winning lottery ticket
C) the money you could have made working overtime at your job
D) Both A and C

Question 2

Prior to 1921, federal agencies first submitted their budgetary requests to _____.

a. the President
b. the Speaker of the House
c. the Congressional Budget Office
d. the Treasury Department