On average, persons with more education tend to draw Social Security benefits for a
a. longer period of time than average
b. shorter period of time than average
c. period of time that is comparable to the U.S. average
d. longer period of time if they have a master's degree but a shorter period of time if they have a Ph.D.
A
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Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples. The opportunity costs of producing 1 ton of apples for Alpha and Omega, respectively, are: a. 0.25 tons of oranges; 0.5 tons of oranges. b. 9 tons of oranges; 4 tons of oranges
c. 2 tons of oranges; 4 tons of oranges. d. 4 tons of oranges; 2 tons of oranges.
Bonnie is a self employed. She makes floral arrangements in a building she rents. She owns the delivery vehicle and has hired a delivery driver. She is an example of
A) entrepreneurial ability. B) labor. C) physical capital. D) human capital.