___________ is the act of selecting among alternatives
a. Choice
b. Risk
c. Opportunity
d. Fatalism
A
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The existence of a kinked demand curve under oligopoly conditions may result in
A) price flexibility. B) price rigidity. C) competitive pricing. D) None of the above
One determinant of the natural rate of unemployment is the
a. rate of growth of the money supply. b. minimum wage rate. c. expected inflation rate. d. All of the above are correct.
Suppose that Jack promises that if Jill chooses the high price, he will too. Jill has no incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)
The impact of technology on health care has
A. provided for a higher quality of life. B. contributed to increased life expectancy. C. increased health care costs. D. All of these are correct.