Homework Clinic
Social Science Clinic => Economics => Topic started by: dakota nelson on Jun 29, 2018
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The price of a gallon of gasoline increased from 2.00 to 2.25 while the price of a ride on the city bus increased from 50 cents to 75 cents. The relative price of riding the city bus
A) increased from 0.25 to 0.6.
B) decreased from 4.0 to 3.0.
C) stayed constant at 0.25.
D) stayed constant at 4.0.
Question 2
Which of the following would be categorized as land?
A) timber
B) human capital
C) buildings
D) entrepreneurship
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Answer to Question 1
A
Answer to Question 2
A