The cost of education, professional athletes’ pay, and medical services rise faster than the rate of goods and services because their average productivity has remained the same.
Answer the following statement true (T) or false (F)
True
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Refer the above figure. Stage "1" of the economy is called
A) the top. B) the peak. C) the trend. D) the climax.
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be included in the total cost of the business?
A. The cost of ice cream cones B. The cost of the truck C. The opportunity cost of the student’s time D. All of these would be included in total cost.
The $1.90 (PPP) per day line was chosen by averaging the national poverty lines of 15 poor countries to represent:
A. chronic poverty by some globally comparable standard. B. absolute poverty by some globally comparable standard. C. transient poverty by some globally comparable standard. D. relative poverty by some globally comparable standard.
If stocks are more risky than bonds, why would a rational investor ever buy stocks?