Your opportunity cost of attending a lecture on the number of brain cells lost by binge-watching episodes of Here Comes Honey Boo Boo is
A) zero, since you already know that binge-watching will kill all of your brain cells.
B) the price of the ticket for the lecture.
C) the value of attending a meditation class, which is your next-best alternative.
D) the total value of all other options you could have chosen instead of going to the lecture.
C
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Tacit collusion among firms does not involve explicit agreements on pricing and output levels
a. True b. False
The demographic transition view of population and growth in DVCs is that:
A. The most important factor affecting population growth in DVCs are demographic changes among the elderly B. Slower population growth is neither desirable nor productive for DVCs given the state of the economies in these nations C. Reduced birthrates must come first in DVCs, and then higher per capita incomes will follow D. Higher per capita incomes must come first in DVCs, and then reduced birth rates will follow