Per pupil spending on education was seven times higher in 2000 than in 1940 after adjusting for inflation
a. True b. False
a
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Which of the following statements about an entrepreneur is true?
A) develops the vision for the firm and funds the producing unit B) sells his entrepreneurial services in the output market C) does not face personal risk D) purchases other factors of production in the output market
An increase in the demand for GM automobiles results in:
A. a lower equilibrium price for GM automobiles. B. an increase in the supply of GM automobiles. C. an increase in the quantity supplied of GM automobiles. D. a lower equilibrium quantity of GM automobiles.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
What would be the value of an option on a stock that sells at a fixed price with a standard deviation of zero? Explain.
What will be an ideal response?