Spending money on a new car instead of a used car when you are on ...

[Ebrown]

Spending money on a new car instead of a used car when you are on a fixed budget is an example of
 
  A) a bad thing to do because you run out of money.
  B) living on the edge.
  C) the incursion of an opportunity cost.
  D) isolating variables.

Question 2

Which of the following statements best defines hyperinflation?
 
  A) It is a situation when the annual rate of inflation in an economy is between 20 to 50.
  B) It is a situation when the annual rate of inflation in an economy exceeds 50.
  C) It is a situation when the annual rate of inflation in an economy is between 10 to 20.
  D) It is a situation when the annual rate of inflation in an economy is between 0 to 10.

[ynlevi]

Answer to Question 1

C

Answer to Question 2

B