Suppose That You Are Spending Two Hours a Day Studying

question 294

Multiple Choice

Suppose that you are spending two hours a day studying economics, and your grade is 85 percent. You want a higher grade and decide to study for an extra hour a day. As a result, your grade rises to 90 percent. Your marginal benefit is the

• A) 5 point increase in your grade minus the opportunity cost to you of spending the hour studying.
• B) extra hour per day you spend on studying.
• C) 5 point increase in your grade.
• D) three hours per day you spend on studying.

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Definitions:

Political Structures

The organizational frameworks and institutions through which societies govern and make decisions.

Economic Structures

The complex frameworks that define the economic organization, activities, and relationships within a society.

Kulturkampf

Literally "culture struggle," the conflict between the German imperial government and the Roman Catholic Church from about 1871 to 1887, over control of educational and ecclesiastical appointments.

Bismarck's Policy

The political strategies and foreign policies implemented by Otto von Bismarck, Chancellor of the German Empire, aimed at achieving German unification and maintaining European stability through diplomacy and the balance of power.