« previous next »

Author Question: The opportunity cost of an action is: a. the value of the best foregone alternative. b. the ... (Read 55 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The opportunity cost of an action is:
 a. the value of the best foregone alternative.
 b. the difference between the benefits that result and the expenses incurred as a result of the action.
  c. the same as the expected benefit of the action.
 d. the same for everyone who undertakes the action.

Question 2

The main difference between GDP and GNP is that GNP excludes:
 a. net income of foreigners.
 b. consumption of fixed capital.
  c. transfer payments.
 d. government purchases.


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The FDA recognizes 118 routes of administration.

Young boy with characteristic nasal crease from the repeated action of the “nasal salute” caused ... Young boy with characteristic nasal crease from the repeated action of the “nasal salute” caused ...
Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ... Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ...
Mobilize the space between metatarsals with a scissoring action. Hold the toe “knuckles” of ... Mobilize the space between metatarsals with a scissoring action. Hold the toe “knuckles” of ...
Action Potentials Action Potentials
Action Potentials: Stimulus Strength Action Potentials: Stimulus Strength
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library