Suppose that Rosa is considering migration to another country. To move, she will have to spend $5000 on transportation and $4000 in application and other processing fees. Rosa's stream of future earnings in her home country is $500,000. She expects to earn a stream of future earnings of $800,000 in another country. Based on this information, Rosa's implicit cost of migrating is:
A. $9,000
B. $500,000
C. $509,000
D. $5,000
B. $500,000
Economics
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Holding everything else constant, if interest rates are expected to increase, the demand for bonds ________ and the demand curve shifts ________
A) increases; right B) decreases; right C) increases; left D) decreases; left
Economics
The giving up of a good or activity in order to obtain some other good or activity is called:
a. a tradeoff. b. a cost analysis. c. a random choice. d. an opportunity cost. e. a sunk cost.
Economics