The real cost of government goods and services is:
a. money.
b. taxes.
c. the private goods and services foregone.
d. inflation.
c. the private goods and services foregone.
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Lee has rented an apartment two blocks from a busy airport. After a month of hearing planes passing by the premises at all hours, he may properly inform the landlord that he is vacating the apartment immediately because his quiet enjoyment of the rental has been breached.
Answer the following statement true (T) or false (F)
Competitive advantage may be created indirectly by nations that have selective factor disadvantages
Indicate whether the statement is true or false
Misstatements that are detected, but individually are not material, should be ignored when determining the appropriate audit report
a. True b. False Indicate whether the statement is true or false
The ability of a business to earn a reasonable amount of income is referred to as the factor of ________
a. solvency b. wealth c. profitability d. leverage