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MULTICHOICE
(D) because the value of lost opportunities varies from person to person
Answer : (C)
(C) as the difference between the benefits from a choice and the benefits from the next best
alternative
(D) as the difference between the benefits from a choice and the costs of that choice
Answer : (B)
3. Suppose Roger has an hour before his next class starts. He can study, snack, or have a
nap. What is this concept known as?
(A) incentive
(D) specialization
Answer : (B)
(D) the difference between the benefits and the costs of that activity
Answer : (B)
Answer : (D)
6. Which statement describes how accurately a person's opportunity cost can be measured?
Answer : (D)
7. What is being measured when the opportunity cost of going to college is calculated?
Answer : (D)
8. Suppose Rashida has the choice of working full time during the summer or going to
summer school full time. The cost of summer tuition and books are $3200. If Rashida
worked, she could make $7,000. Her rent is $1,000 for the summer, regardless of her
choice. What is the opportunity cost of going to summer school?
(A) $3,200
(B) $7,000
(C) $8,000
(D) $10,200
Answer : (D)
9. Upon graduating from high school Carmen has a job offer, and the job would provide her
with $20,000 in income for the coming year. She has also been accepted to Isaac and Avery
College. Tuition for the coming year at the College is $15,000, room and board is $10,000,
and she expects that books will cost $2,000. What is the opportunity cost of attending Isaac
& Avery College?
(A) $37,000
(B) $32,000
(C) $27,000
(D) $20,000
Answer : (A)
10. Attending college involves many explicit and implicit costs. Which of the following best
describes the opportunity cost of attending college?
(A) It is entirely monetary and consists of expenditures on tuition, books, transportation, and
meals.
(D) It is negligible for most people, because they really have no choice but to attend college.
Answer : (C)
11. In the context of a person choosing whether to attend college or go to work, which of the
following best describes the expenses associated with room and board?
(A) Room and board is an opportunity cost of attending college because it is subsidized by
the government or by the college.
(B) Room and board is an opportunity cost of attending college because it involves cash
expenditures.
(C) Room and board is NOT an opportunity cost of attending college if the student is on a
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Language: Italian
CESARE CANTÙ
EDIZIONE POPOLARE
RIVEDUTA DALL'AUTORE E PORTATA FINO AGLI ULTIMI EVENTI
TOMO XIII.
TORINO
UNIONE TIPOGRAFICO-EDITRICE
1877
INDICE
LIBRO DECIMOSESTO
CAPITOLO CLXXV.
La Rivoluzione francese.