Author Question: The opportunity cost of a two-week vacation in Hawaii for an Arizona resident includes: a. the cost ... (Read 41 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
The opportunity cost of a two-week vacation in Hawaii for an Arizona resident includes:
 a. the cost of the beach resort hotel accommodations.
 b. the airfare to and from Honolulu International Airport.
 c. the time that could have been used to travel somewhere else.
  d. all of the above.

Question 2

If nominal GDP rises from 5 billion to 6 billion, when the GDP deflator goes from 100 to 110, real GDP
 a. rises.
 b. falls.
 c. stays the same.
 d. could either be rising or falling.



macmac

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

For a complete list of videos, visit our video library