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

Author Question: Why would an economist argue that tuition is not the largest cost of attending a state university? ... (Read 67 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 29, 2018
Why would an economist argue that tuition is not the largest cost of attending a state university?
 
  What will be an ideal response?

Question 2

Money cannot serve as a medium of exchange unless it also serves as a store of value. Is this statement true or false? Explain.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

The largest cost of attending a university is the opportunity cost of the student's time. This could be measured by the foregone income that could have been earned if the student worked instead of attending classes.

Answer to Question 2

This statement is true. If money does not hold its value over time, it will not be accepted in exchange for goods and services. I must be confident that money I accept today for a good or service rendered will be considered valuable tomorrow when I seek to trade it for a good or service. Lacking that confidence I will not accept money today.


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

An Edmontosaurus bone that was excavated in Alaska and tested at Temple University. An Edmontosaurus bone that was excavated in Alaska and tested at Temple University.
The Dugong is an endangered species; the largest remaining population is found in Australian waters The Dugong is an endangered species; the largest remaining population is found in Australian waters
Wandering Albatrosses have the largest wingspan of any living bird. Wandering Albatrosses have the largest wingspan of any living bird.
Maps are important tools in political science as they help us see relationships between politics and Maps are important tools in political science as they help us see relationships between politics and
Every state has a two-letter abbreviation. Every state has a two-letter abbreviation.
Speed of Convergence to the Steady State Speed of Convergence to the Steady State
Video: Introduction to Diabetes

For a complete list of videos, visit our video library