If Xavier gives up a job in which he earns $23,000 per year in order to go to college full time, his foregone income is part of the opportunity cost of going to college

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Deflation financially ________ borrowers of money and financially ________ lenders of money

A) benefits; benefits B) benefits; harms C) harms; benefits D) harms; harms

Economics

Suppose a jar of orange marmalade that is ultimately sold to a customer at The Corner Store is produced by the following production process:  Name of CompanyRevenuesCost of Purchased inputsCitrus Growers Inc.$0.750Florida Jam Company$2.00$.75The Corner Store$2.50$2.00What is the sum of the value added of all the firms?

A. $4.50 B. $2.50 C. $5.25 D. $2.75

Economics