Let us suppose that if Oprah Winfrey was not a superstar she would have been a judge making $100,000 per year. If she makes $63 million dollars this year, her opportunity cost is
A) $63.0 million.
B) $63.1 million.
C) $100,000.
D) $62.9 million.
Answer: C
Economics
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On which kinds of goods do governments generally place price ceilings?
What will be an ideal response?
Economics
According to the monetarists, the rise in (M1) velocity in the mid-1990s can be attributed to
a. changes in the type of bank deposits that are available to the public. b. new legal ceilings imposed on the deposit rates financial institutions are permitted to pay depositors. c. the phasing out of legal ceilings on the deposit rates financial institutions are allowed to pay depositors. d. Both a and b e. Both a and c
Economics