A prudent person is most likely to find the use of financing attractive when purchasing which one of the following items?
A) clothes
B) entertainment
C) a college education
D) rental housing
C) a college education
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The demand curve faced by a competitive firm is
a. horizontal. b. downward sloping. c. upward sloping. d. nonexistent.
Refer to the above table. If the price is $3, the perfectly competitive firm should produce
A) 102 units. B) 105 units. C) 103 units. D) 104 units.
Does government borrowing crowd out private sector spending?
Medicare is a health care program
a. for poor and low income people b. administered through Social Security for retired workers starting at age 55 c. administered through Social Security for everyone over 65 years d. administered by state governments for people who are not covered by private health insurance e. administered by the federal government for people who are not covered by private insurance