As student reasons that If I didn't go to class tonight, I would spend three hours at work where I earn 10 per hour. In addition, my annual parking permit costs the equivalent of 2 per day.. The opportunity cost to that student of attending that class this evening is:
a. 0.
b. 2.
c. 30.
d. 32.
Question 2
Which category of consumption spending tends to be the most stable over the business cycle?
a. Nondurable consumer goods.
b. Durable consumer goods.
c. Services.
d. all of these categories of consumer spending are highly unstable over the business cycle.
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