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Author Question: The opportunity cost of an action is: a. the value of the best foregone alternative. b. the ... (Read 121 times)

B

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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

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

a

Answer to Question 2

a


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