In the figure above, the opportunity cost of moving from point C to point D is
A) the loss in production in the health care sector.
B) the increase in production in the education sector.
C) zero.
D) the loss in production in the education sector.
A
Economics
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Brian Vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:
a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.
Economics
Gasoline stations regularly post their prices on large signs for consumers to see. This practice could also facilitate ______ in the industry.
a. price leadership b. tie-in sales c. mergers d. easy entry
Economics