Which of the following best describes a tradeoff?
a. An office executive enrolling into a management course to develop her skills.
b. An investor buying stocks of a start-up company.
c. A businessman investing a portion of company's profit in research and development.
d. A college student sacrificing a few hours of study time to work at the town cafeteria.
e. A worker purchasing a new car with her bonus earnings.
Question 2
Both monopolistically and perfectly competitive firms earn only normal profits in the long run.
a. True
b. False
Indicate whether the statement is true or false
A typical reception area in a medical office.
A medical office requires teamwork.
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