« previous next »

Author Question: For a household, the opportunity cost of not working is the A) price level. B) nominal wage ... (Read 22 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 30, 2018
For a household, the opportunity cost of not working is the
 
  A) price level.
  B) nominal wage rate.
  C) demand for labor.
  D) cost of living.
  E) real wage rate.

Question 2

According to this Application, the bias in the CPI would be ________ if new goods are ________ incorporated in CPI calculations.
 
  A) smaller; slowly B) smaller; quickly
  C) negligible; slowly D) greater; immediately


momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

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?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia. A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia.
Zhang Huan, To Raise the Water Level in a Fishpond. Zhang Huan, To Raise the Water Level in a Fishpond.
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Normal change in sea level Normal change in sea level
Cost of Laptops Cost of Laptops
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library