Label the graph below with respect to inflation, disinflation, and deflation.

Amanda, age 6, opens a lemonade stand. She makes all the lemonade from a mix she found in her parents' pantry. Her stand is an old box she found in the garage. The pitcher and paper cups were taken from the kitchen. Which of the following is true?

a. The opportunity cost of the lemonade is zero. b. The only opportunity cost of the lemonade is Amanda's time. c. Amanda's explicit costs are zero. d. The implicit costs of Amanda's lemonade are zero. e. Whatever revenue Amanda gets will be pure economic profit.

Distinguish between the money and non-money costs parents face when raising a child. Money costs might include ______, whereas non-money costs might include ______.

a. center-based child care fees; hiring a babysitter at home b. redecorating the child’s room; making mortgage payments c. playing yard games with the child; buying sports equipment d. tuition for music lessons; volunteering in the child’s classroom