Pts 1 dif moderate nat busprog analytic sta disc

PTS: 1 DIF: Moderate NAT: BUSPROG: Analytic
STA: DISC: Scarcity, tradeoffs, and opportunity cost TOP: What Shall We Give Up?
KEY: Bloom's: Application
31. Your opportunity cost of attending a football game is
a. the subjective value of the disappointment you will feel if your team loses.
b. the monetary cost of the drinks and food you purchase at the game.
c. the price of the ticket.
d. the highest valued alternative forgone because of the time and money required to attend
the game.

ANS: D PTS: 1 DIF: Easy NAT: BUSPROG: Analytic
STA: DISC: Scarcity, tradeoffs, and opportunity cost TOP: What Shall We Give Up?
KEY: Bloom's: Comprehension
32. Which of the following activities describes the opportunity cost of attending an economics class?
PTS: 1 DIF: Easy NAT: BUSPROG: Analytic
STA: DISC: Scarcity, tradeoffs, and opportunity cost TOP: What Shall We Give Up?
KEY: Bloom's: Comprehension
33. Which of the following most accurately reflects the opportunity cost to a pharmacist who drives a taxi?
PTS: 1 DIF: Easy NAT: BUSPROG: Analytic
STA: DISC: Scarcity, tradeoffs, and opportunity cost TOP: What Shall We Give Up?
KEY: Bloom's: Comprehension
34. Which of the following would be most likely to increase your opportunity cost of attending college?