ECO 365 Final Exam Guide 2019
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ECO 365 Final Exam Guide 2019 ECO 365 Final Exam Guide 2019 (Update 2
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ECO 365 Final Exam Guide 2019
- Exam (elaborations)
- • 13 pages's •
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ECO 365 Final Exam Guide 2019•ECO 365 Final Exam Guide 2019
Preview 1 out of 13 pages
ECO 365 Final Exam Guide 2019
1. During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the:
cost of accommodation and food in Aspen.
value of piano lessons.
cost of buying a piano.
amount paid to the skiing instructor.
 2. Which of the following is an example of a negative externality?
Smith reducing the consumption of imported wine following an increase in the price of imported wine
Phoebe refusing to contribute to the buildi...
- Exam (elaborations)
- • 13 pages's •
-
ECO 365 Final Exam Guide 2019•ECO 365 Final Exam Guide 2019
Preview 1 out of 13 pages
1. During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the:
cost of accommodation and food in Aspen.
value of piano lessons.
cost of buying a piano.
amount paid to the skiing instructor.
 2. Which of the following is an example of a negative externality?
Smith reducing the consumption of imported wine following an increase in the price of imported wine
Phoebe refusing to contribute to the buildi...