A student bought a used car for $10,000 and resold it one year later for $6,500 . Insurance, license, and operating costs for the year were $1,500 . What was his economic cost of owning and operating the car for the year if the market rate of interest was 10 percent?

The only lasting solution to the welfare problem will have to come from welfare reform alone

Indicate whether the statement is true or false

When a union bargains successfully with employers, in that industry,

a. both the quantity of labor supplied and the quantity of labor demanded increase. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. the quantity of labor supplied increases and the quantity of labor demanded decreases. d. the quantity of labor demanded increases and the quantity of labor supplied decreases.