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Author Question: An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is A) ... (Read 187 times)

geoffrey

  • Hero Member
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  • Posts: 880
on: Jun 30, 2018
An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is
 
  A) zero, because the person doesn't have a job.
  B) the cost of bait, any other monetary expenses, and the value of the individual's wages while he was working.
  C) the cost of bait and any other monetary expenses.
  D) the cost of bait, any other monetary expenses, and the value of the best alternative use of the individual's time.

Question 2

A nation's account with the IMF is called its
 
  A) quota subscription. B) capital account.
  C) deposit surplus. D) current account.


Ksanderson1296

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

D

Answer to Question 2

A


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