In the economic way of thinking, a productive service is

A) a meritorious service.
B) something of clear value to anybody in society.
C) an activity that enables people to obtain something for which they are willing to pay.
D) all of the above.
E) none of the above.

C

Economics

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The other-things-constant assumption

a. allows the economist to make useful predictions b. is a prediction c. applies only to consumers' decisions, not to those of firms d. forces the economist to ignore reality, where things are constantly changing e. implies rational self-interest on the part of all economic actors

Economics

The greater is the risk of non-repayment of a loan, the

A) higher is the expected rate of interest. B) longer is the expected time to repay the loan. C) lower is the handling charges for the loan. D) lower is the expected rate of interest.

Economics