The rate of return on an investment in medical education
a. is inversely related to the length of time spent in formal schooling.
b. is inversely related to income.
c. will increase with an increase in the availability of student loans.
d. is much higher than the rate of return on an undergraduate business degree.
e. is inversely related to the number of years in the profession.
A
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Which statement is true?
A. During prosperity, federal government borrowing crowds out a substantial amount of private investment. B. During recessions, federal government borrowing crowds out a substantial amount of private investment. C. Neither statement is true.
Because of "mental accounting:"
A. people are better able to process price changes than changes in product sizes. B. people tend to be less risk averse. C. people pay too little on their monthly credit card bills. D. people isolate purchases and sometimes make irrational decisions.
Which of the following statements about a price system is TRUE? I. Prices ration goods and services. II. Prices indicate relative scarcity
A) I only B) II only C) Both I and II D) Neither I nor II
Performance compensation that is tied to outcomes out of the employees' control will provide employees with the incentive to work hard.
Answer the following statement true (T) or false (F)