In making your decision whether to take a trip during spring break, you compare all the other activities you could undertake. As a result, you
A) are not making a rational choice.
B) must have made a choice in the social interest.
C) limit the cost and the benefits you can gain.
D) are making a choice on the margin.
E) do not face an opportunity cost.
D
Economics
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Suppose that the following table represents all of the possible investments in the economy. If the nominal interest rate is six percent, what is the total amount of investment in the economy? (Note: The Returns are for one period later.)
Investment Cost Returns A $100 $105 B 300 321 C 200 216 D 50 55 E 400 416
Economics
A record of all transactions between households, firms, and the government of one country and the rest of the world is the
A) balance of trade. B) balance of payments. C) International Monetary Fund. D) government budget.
Economics