A charter school is an independent _____ school with _____ financing
a. private; private
b. public; public
c. private; public
d. public; private
b
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Suppose you are offered a gamble in which you win $1,000 half the time but lose $1,000 half the time. If you are risk averter will you take the gamble?
What will be an ideal response?
In a perfectly competitive market structure any firm can enter or leave the industry without serious impediments. This implies
A) the products sold will be alike. B) firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment. C) no one buyer or seller has any influence on price. D) consumers are able to find out about lower prices charged by other firms.
The ________ exchange rate incorporates both the market exchange rate and the product price levels for two countries.
A. real bilateral B. nominal bilateral C. nominal effective D. real effective
Over the past 100 years, real GDP has increased at an annual average of about
A) 10% B) 6% C) 3% D) 1%