The local diner is usually jammed on Saturday mornings. Luke knows the owner and had him reserve a stool at the counter. Luke has
A) cooperated with the owner.
B) competed with other customers.
C) taken an efficient course of action, from his own perspective.
D) engaged in all of the above.
D
Economics
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In U.S. history, use of a commodity-backed paper currency is associated with the
A) Free Banking Era. B) Confederacy during the Civil War. C) gold standard. D) Bretton Woods Agreement.
Economics
Consider someone who borrows $10,000 to buy a car at a fixed interest rate of 9%. If inflation is 3% at the time the loan is made, what is the real interest rate at which the loan must be repaid, and to what level would the interest rate have to rise for the real interest rate on the loan to be zero?
a. 4.5%; 7.5% b. 6; 9% c. 8%; 10% d. 6; 12%
Economics