If the CPI is 120 in 2005 and 150 in 2006, what is the rate of inflation over this period?

The _________________ is a relationship between inputs and output that identifies the maximum output which can be produced per time period by each specific combination of inputs.

Fill in the blank(s) with the appropriate word(s).

Which of the statements below best expresses the relationship between the cost of a medical education and the fees charged by physicians?

A) The greater the average cost of a medical education, the higher will be the fees physicians charge. B) The greater the cost of a physician's education in both money and effort, the higher will be the fees they can legitimately set for their services. C) The greater the cost to physicians of a medical education in both money and effort, the higher will be the fees they will charge in order to recover the costs they incurred. D) The greater the expected cost of a medical education, the fewer physicians there will be and the higher their fees will be.