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Author Question: Suppose that you own a house. What is the opportunity cost of living in the house? A) The ... (Read 99 times)

saraeharris

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on: Jun 30, 2018
Suppose that you own a house. What is the opportunity cost of living in the house?
 
  A) The opportunity cost is the rent you could have received from a tenant if you didn't live there.
  B) There is no opportunity cost unless you could set up a business in the house.
  C) There is no opportunity cost because you own the house.
  D) The opportunity cost is the cost of your monthly mortgage payment plus bills.

Question 2

In a market-based economy, the government
 
  A) allocates production. B) enforces property rights.
  C) encourages insurance risk. D) decides how much to produce.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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joshraies

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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saraeharris

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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