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CHAPTERS 1-3 Tutorial Session CHAPTER 1 1) If your tuition is
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CHAPTERS 1-3
Tutorial Session
CHAPTER 1
1) If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than
40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your
room and board is $3000 this semester, then your opportunity cost of attending college this
semester is
A) $5,600.
B) $5,900.
C) $10,100.
D) $11,600.
Answer: C
2) Inflation and unemployment
A) are the focus of normative economics.
B) are a focus of microeconomics.
C) are
a focus of
positive
economics.
Page:
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