The opportunity cost of acquiring education is ?

Related Mcqs:

1. International difference is opportunity costs lead to countries acquiring ?

   A. Comparative advantage
   B. High exchange rates
   C. trade barriers
   D. trade quotas

2. Throughout the 1800’s Russia was interested in acquiring Turkey mainly because Russia wanted ?

   A. to main peace in the Middle East
   B. access to the Mediterranean Sea
   C. to reestablish the Byzantine Empire
   D. The rich farmland of the Anatolian Plateau

3. The opportunity cost of a good is______________?

   A. the time lost in finding it
   B. the quantity of other goods sacrificed to get another unit of that good
   C. the expenditure on the good
   D. the loss of interest in using savings

4. Which of the following is not part of the opportunity cost of going on holiday ?

   A. The money you spent on a theater show
   B. The money you could have made if you had stayed at home and worked
   C. The money you spend on airline tickets
   D. the money you spent on food

5. The opportunity cost of a student is____________?

   A. Course fees and rent
   B. A loan from the bank
   C. What the student could have earned in the best job available by not studying
   D. What the student will earn after graduation

6. JCB (Which makes agricultural and construction equipment) has the opportunity to purchase a new factory today that will provide them with a Rs50 million return four years from now If prevailing interest rates are 6 percent, what is the maximum that the project can cost for JCB to be willing to undertake the project ?

   A. Rs 43,456,838
   B. Rs 53,406,002
   C. Rs 34,538,902
   D. Rs 39,604,682

7. The opportunity cost of holding money is determined by ?

   A. the discount rates
   B. the level of aggregate output
   C. the interest rates
   D. the inflation rates

8. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?

   A. 7As
   B. 10As
   C. 3As
   D. 1A

9. As the wage rate per hour increases, the opportunity cost of leisure ?

   A. remains constant
   B. increases since the cost of forgoing one hour of work increases
   C. decreases since the customer now has more income to spend
   D. may increase of decrease depending on the individual’s preferences.

10. The opportunity cost of one DVD in South Korea is ?

    A. One-half ton of steel
    B. One ton of steel
    C. One and one-half tons of steel
    D. Two tons of steel