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1. A dentist might charge his patient a cancelation fee if the patient didn't give the debris 24 hours notice they were going to cancel. the justification to this fee is: a) limited cost b) opportunity cost c) scarcity d) comparative advantage
2. T/F Trade-offs can lead to economies of scale, division of labor, and specialization of Labor.
3. an economy has a comparative advantage in producing a good if it can produce that good at a ________ opportunity cost than could other economies. a) higher b) lower c) the same d) consistent
4. T/F Division of labor is breaking down the production of a good into separate tasks.
5. T/F One scenario that can be applied to opportunity cost is the guns vs butter debate.
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A 90 day T-Bill is selling for $9,915. The par is $10,000. What is the discount rate (discount yield) on this T-Bill? What is the bond equivalent yield on this investment? Wha
In this week's readings, you learned about two methods of risk analysis: quantitative assessment and qualitative assessment. Explain the steps taken to assess a risk from a
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