One major part of the opportunity costs of one's decision to go to college after high-school graduation is the:
A. Additional income that one can get if one had a college degree
B. Education that one gets while in college
C. High-school diploma needed in order to apply for college
D. Full-time job that one could have gotten instead of going to college
Answer: D
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The interest-rate effect
a. depends on the idea that increases in interest rates decrease the quantity of goods and services demanded. b. depends on the idea that increases in interest rates decrease the quantity of goods and services supplied. c. is responsible for the downward slope of the money-demand curve. d. is the least important reason, in the case of the United States, for the downward slope of the aggregate-demand curve.
Emma is a road construction worker. During the winter months, Emma finds it more difficult to get work. The unemployment Emma experiences in the winter is
A) seasonal. B) cyclical. C) functional. D) structural.