The behavior of bidders in an auction is an example of:
A. consumer?producer rivalry.
B. producer?producer rivalry.
C. consumer?consumer rivalry.
D. None of the statements associated with this question are correct.
Answer: C
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One major part of the opportunity costs of one's decision to go to college after high-school graduation is the:
A. Additional income that one can get if one had a college degree B. Education that one gets while in college C. High-school diploma needed in order to apply for college D. Full-time job that one could have gotten instead of going to college
There is a federal budget deficit when
A) the government spends less that it collects in taxes. B) the government spends more that it collects in taxes. C) the government spends the same amount it collects in taxes. D) taxes are too high.