Just before class, Jim tells Stuart, "Stuart, you shouldn't skip class today because you have paid tuition to enroll in the class." Stuart ignores Jim's advice, and instead makes the decision of whether to attend based on the importance to his grade that he feels he'd be missing that day in class relative to his value of the extra time he could have to finish the video game he is playing. To an
economist, Stuart is:
a. using marginal analysis. b. ignoring the total value of attending class.
c. ignoring the concept of opportunity cost. d. irresponsible.
a
Economics
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If the United States had a financial account deficit of $50 billion, we could say the United States had
A) net imports of $50 billion. B) net foreign borrowing of $50 billion. C) acquired net foreign assets of $50 billion. D) a current account deficit of $50 billion.
Economics
A government policy that makes investments prior to retirement tax exempt until retirement increases the amount saved at any given interest rate
What will be an ideal response?
Economics