Which of the following countries is not a member of the European Union?
a. Switzerland
b. Portugal
c. Sweden
d. Ireland
a. Switzerland
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Borrowed funds that are to be repaid in a year or more are referred to as:
A) long-term debt. B) loanable funds. C) annual debt. D) stockholders' equity.
A fruit retailer buys 50 pounds of apples from the wholesale market every day. The retailer has observed that 20% of the apples bought each time are not of good quality
Because it is not possible for the retailer to check each apple before buying, how much should he pay for each pound if he values good apples for $1.40 per pound while he has a value of zero for bad quality apples? A) $1.12 per pound B) $1.20 per pound C) $1.40 per pound D) $2 per pound
Robert decides not to attend a showing of the newest Star Wars movie when the price of a ticket is $10. From this, we can conclude that seeing the movie is
A. worth less than 1,000 utils to Robert. B. worth $8 to Robert. C. was worth less than $10 worth of other goods for Robert. D. something that Robert would never do.
In South Asia and Sub-Saharan Africa, about what share of output is contributed by agriculture?
(a) One tenth. (b) One fifth. (c) Two fifths. (d) One half.