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Author Question: For a household, the opportunity cost of not working is the A) price level. B) nominal wage ... (Read 55 times)

ssal

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


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