Which of the following is an example of opportunity cost not measured by money cost?
a. the time spent eating a business lunch at a restaurant
b. the time spent preparing a meal eaten at home
c. the time spent studying to obtain an "A" in economics
d. the time spent repairing a car in one's own garage
e. All of the above are correct.
e
Economics
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In equilibrium, all traded foods sell at the same price internationally. If the same goods are expressed in their home prices, then the ratio of prices is equal to
A) 1 B) the exchange rate between the two currencies C) the real exchange rate between the two currencies D) none of the above
Economics
What do you believe is one of the chief criticisms of the Coase Theorem that render it useless in real-world situations
What will be an ideal response?
Economics