ACCORDING TO THE GATES, WINFREY, AND RODRIGUEZ ILLUSTRATION

11. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE 11. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
11. According to the Gates, Winfrey, and Rodriguez illustration:Gates, Winfrey, and Rodriguez made a mistake by not attending college.Gates, Winfrey, and Rodriguez did not weigh marginal benefits against marginal costs when making decisions.→ Opportunity costs vary greatly between individuals and matter in decision making.Attending college has little effect on lifetime earnings.Multiple Choice Question AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-01 Define economics and the features of the economic perspective.Topic: Economic perspectivesTopic: Economics