Each member in a group might do what's best for himself or herself instead of behaving in a way that optimizes the well-being of the entire grou

The term contagion refers to

A) a government's complete control over it's banking system. B) a drop in interest rates across industrialized countries. C) the vulnerability of healthy economies to crises generated by events elsewhere. D) a directed attack on one market by a foreign market. E) a side effect of international trade.

After graduating from high school, Adam is thinking about going to college. The college tuition is $15,000 a year. Instead of going to college, Adam could take a full-time job that pays $25,000. What is Adam's opportunity cost of attending college for

one year? A. $10,000 B. $15,000 C. $25,000 D. $40,000