« previous next »

Author Question: The opportunity cost of an action is always equal to: a. the monetary expense incurred as a result ... (Read 75 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The opportunity cost of an action is always equal to:
 a. the monetary expense incurred as a result of the action.
 b. the value of any alternative use of the time expended on the action.
  c. the highest valued alternatives sacrificed as a result of the action.
  d. the sum of the benefits received as a result of the action.

Question 2

The total dollar value of purchases in the economy is far larger than GDP primarily because:
 a. GDP ignores taxes.
 b. GDP excludes the value of intermediate goods exchanged.
 c. GDP excludes the output from foreigners working in America.
  d. GDP ignores production in the home


janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Comparison of the level of skin damage as a result of the three different degrees of burns. Comparison of the level of skin damage as a result of the three different degrees of burns.
Glaucoma. (a) A buildup of pressure within the eye cavities, often caused by a blockage of vessels t Glaucoma. (a) A buildup of pressure within the eye cavities, often caused by a blockage of vessels t
Cost Savings with an EHR System Cost Savings with an EHR System
Diagram showing the sites of action of different antihypertensive drugs. Diagram showing the sites of action of different antihypertensive drugs.
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Misfolding or refolding of some proteins can result in disease Misfolding or refolding of some proteins can result in disease
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library