Daily foreign exchange transactions have grown from about $15 billion in 1973 to over $5 trillion today

Which person has the highest opportunity cost of obtaining a college degree (assuming that attending college requires giving up his or her current position)?

a. Bill, who is unemployed. b. Jane, who is an unwed mother and earns $15,000 a year. c. Larry, who is a technician in the Navy earning $18,000 a year with free food and housing. d. Mary, who has a job earning $60,000 a year as a computer programmer. e. Unable to determine from the data given.

All of the points on a budget line result in combination of goods that expend all of her income.

Answer the following statement true (T) or false (F)