Multiple Choice
On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next morning, go to a movie with a friend, or, most desirable to you at present, take a nap. The opportunity cost of attending the afternoon class is
A) forgoing the nap.
B) missing seeing the movie with your friend.
C) giving up the time to study for the next morning's exam.
D) being unable to engage in all three of the above activities.
Correct Answer:

Verified
Correct Answer:
Verified
Q359: Labor, human capital, and entrepreneurship are resources
Q360: At a zero price, which of the
Q361: Scarcity<br>A) exists in all human societies.<br>B) is
Q362: What causes the production possibility curve to
Q363: A student has a job that pays
Q365: In order for an economy to increase
Q366: Why do people specialize?<br>A) Specialization allows people
Q367: If Irene can make either four chairs
Q368: In the above figure, the combination of
Q369: Absolute advantage is<br>A) producing at a lower