For most students attending state universities, the largest cost component of going to college is
a. the cost of books and supplies.
b. the cost of room and board.
c. tuition.
d. the opportunity cost in terms of forgone current income from the time spent attending college.
D
Economics
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An effort by the Fed to reduce aggregate demand may be thwarted because
A) investment could remain the same or increase because of optimistic expectations by businesses about the future of the economy. B) investment and interest rates are positively related. C) investment could fall because of pessimistic expectations. D) taxes may have been increased.
Economics
If wage rates are lower in Mexico than in Germany, labor costs per unit of output can still be higher in Mexico
a. True b. False
Economics