Author Question: The opportunity cost of an action is: a. the value of the best foregone alternative. b. the ... (Read 118 times)

B

  • Hero Member
  • *****
  • Posts: 570
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
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library