Joe Pays $8,000

question 47

Multiple Choice

Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call

• A) a relative price.
• B) a money price.
• C) an indexed price.
• D) an opportunity price.

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Definitions:

ESP

Stands for Extra-Sensory Perception, which is the claimed ability to gain information through means other than the known human senses.

Lack of Evidence

Lack of evidence refers to situations where there is insufficient data or proof to support a claim, hypothesis, or theory.

Kinesthesis

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.

Equilibrium

A state of balance or stability within a system, or the body's sense of spatial orientation and balance.