Sponge:. 1)As a factor of production, physical capital includes which of the following? A. tools, equipment, and factories B. forests and mineral deposits C. factory workers and factories D. managers, tools, and equipment 2) The three basic economic questions are ____.
Monday: Study Guide/Zap a Zero
Tuesday: Study Guide/Zap a Zero
Thursday: 1st and 4th Final
Friday: 2nd Final
Zap – a –Zero Assignments issued
Final exam and Review
23 = Anna Smith
13 = Thylas ?
9 = Danielle
6 = Clemons
1 = Williams
26 = Renea
5 = Collier
16, 21, 24, 30
I will not allow students to check out books until these are returned.
C+I+G+Nx = AD
Land = Rent
Labor = Wages
Capital = Interest
Entrepreneurship = Profit
You may use the resources around the room to work on the following:
1) The opportunity cost of going to college might best be described as
A) the money that must be paid in order to attend college.
B) the lowest-valued alternative use of the student’s time.
C) the highest-valued alternative use of the student’s time.
D) the value that the student attaches to not working.
2) Fred and Ann both decide to see the same movie when they are given free movie tickets. We know that
A) both bear an opportunity cost since they could have done other things instead of see the movie.
B) both bear the same opportunity cost since they are doing the same thing.
C) the cost of going to the movie is greater for the one who had more choices to do other things.
D) neither bear an opportunity cost because the tickets were free.