26- Suppose you buy Economics by David King. What is the opportunity cost of your purchase?
a) The money you paid for the book.
b) Whatever you would have spent the money on if you had not bought the book.
c) The cost of producing the book.
d) The time you spend studying the book.
27- Amartya K. Sen emphasizes that having enough to eat depends on
a. society's system of entitlement.
b. an egalitarian income distribution.
c. low poverty rates.
d. society's high Gini concentration.
28- Infant mortality
a. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births.
b. reflects the availability of primary education, the rights of employment and social security.
c. is life expectancy up to age 3 .
d. reflects the availability of hospitals and childcare facilities, and the parents' wealth
29- Basic needs include
a. food, clothing and housing.
b. health, education and quality housing.
c. food, health, shelter, and clothing.
d. longevity and living standards.
30- If GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austria is US\$555 and US\$560 in 2004 and 2005 respectively, the real economic growth from 2004 to 2005 is
a. \( 5 \% \)
b. \( 0.901 \% \)
c. \( 0.090 \% \)
d. \( 0.991 \% \)
