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Question: s suppose there are only threealternatives to ttending a free...

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s) Suppose there are only threealternatives to ttending a free social event read a novel (you value this at $10), go to work (you could earn $20), or watch videos with some friends (you value this at $25). The opportunity cost of attending the social event is A) $10. B) $20. C) $25. D) $45 E) S55. ). She is considering 9) Suppose Andrea has a job that pays her $25 000 per year (after taxes quitting her job and going to university full time for four years. Tuition fees and books will cost $12 000 per year. Living opportunity cost of Andreas four-year university degree? A) $88 000 B) S100000 C) $120 000 D) S148 000 E)$188 000 expenses in either situation will cost $10 000 per year. What is the 10) Investment, as defined by economists, would not include which of the following? Ford A) buys a new robotic machine to assemble cars. B) builds a new office building C) builds another assembly plant. D) buys bonds. 11) The purchase by a household in China of a book produced in the U.S., is included in A) U.S. consumption expenditures. B) Chinas investment expenditures. C) U.S. net exports. D) U.S. govenment purchases. E) Chinas exports 12) Which of the following accurately describes an effecet of Hurricane Harvey on GDP? A) GDP would decrease reflecting the costs of cleanup. B) GDP would increase reflecting the costs of cleanup. C) GDP would increase reflecting the decrease in production that occurred during the storm and the productive capacity lost in the storm. D) GDP would increase well-being.
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