Question

3. The opportunity cost of attending college is likely higher for a high-school graduate who leaves a job grilling hamburgers than it is for a high-school dropout who leaves a job working as a computer network administrator.

a.

True

b.

False

4. Which of the following would NOT shift a product's demand curve?

a.

an increase in the price of the product

b.

an increase in the price of a complement

c.

an increase in the price of a substitute

d.

a decrease in consumer income

Answer 1

Answer:

3] The opportunity cost of attending college is likely higher for a high-school graduate who leaves a job grilling hamburgers than it is for a high-school dropout who leaves a job working as a computer network administrator.

- false

Explanation:

The opportunity cost of attending college is likely not higher for a high-school graduate who leaves a job grilling hamburgers than it is for a high-school dropout who leaves a job working as a computer network administrator.

4]

Which of the following would NOT shift a product's demand curve?

A] an increase in the price of the product

Explanation:

A change in the price of the good/product or service would not shift a products demand curve