Opportunity costs:
a. only include explicit costs paid out-of-pocket.
b. never involve costs paid out-of-pocket.
c. may or may not involve costs paid out-of-pocket.
d. are always measured in terms of time.
Question 2
If Jim pays 1000 to John:
a. GDP will increase by 1000.
b. GDP will increase, but we cannot determine by what amount.
c. nominal GDP will increase, but we cannot be sure if real GDP will increase or decrease.
d. we need more information in order to determine whether or how much GDP will change.
Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
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An educational institution has total direct labor and material costs of $1964 per student. Its ...
After 159 days,she paid a maturity value of $11,626, which included interest of $814.