An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to his place of work is $40. Which of the following statements is then true?
A) The direct cost of renting the apartment is $140.
B) The indirect cost of renting the apartment is $140.
C) The direct cost of renting the apartment is $40, whereas the indirect cost of renting the apartment is $100.
D) The direct cost of renting the apartment is $100, whereas the indirect cost of renting the apartment is $40.
D
Economics
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It is possible for a tax to "internalize" an externality
Indicate whether the statement is true or false
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The process of negotiating labor contracts between the union and management concerning wages and working conditions is called
A. collective bargaining. B. featherbedding. C. lobbying. D. an apprenticeship.
Economics