Archie can paint 5 backyard fences or repair 2 cars in 8 hours, while Austin can paint 4 backyard fences or repair 2 cars in 8 hours. Identify the correct statement
a. Archie is relatively better in repairing cars.
b. Archie is relatively better in painting fences.
c. Austin is relatively better in painting fences.
d. Archie and Austin are equally good in painting fences.
e. Neither Archie not Austin are good in repairing cars.
b
Economics
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You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. The CPI over that year rises from 180 to 200. What is the real interest rate you are paying?
A) 15% B) 5% C) -1.1% D) -6.1%
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A sole proprietorship is
A) the least profitable type of business to set up. B) the easiest type of business to set up. C) the most difficult type of business to set up. D) the most expensive type of business to set up.
Economics