ECO 365 FINAL EXAM 2017

ECO 365 FINAL EXAM 2017

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ECO 365 FINAL EXAM 2017
  • ECO 365 FINAL EXAM 2017

  • Exam (elaborations) • 13 pages • 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...
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ECO 365 FINAL EXAM 2017    (Verified answers, Scored A)
  • ECO 365 FINAL EXAM 2017 (Verified answers, Scored A)

  • Answers • 10 pages • 2018
  • ECO 365 FINAL EXAM 2017 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 ...
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