Refer to Scenario 1-1. What is your opportunity cost of going to the movies?

Literacy rates in the Global South ________ the Global North.

A) have caught up to those in
B) are still significantly lower than those in
C) have surpassed those in
D) are falling even farther behind those in

HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 5-year useful life. The machine will cost $205,980 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.)Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.Required:What are the annual cost savings promised by the machine?

According to the job demands-resources model, the work environment can be described in terms of demands and resources.Which of the following features would NOT be considered a job demand?

A) Physical feature
B) Social feature
C) Psychological feature
D) Organizational feature
E) Academic feature

Assets that are used up during the process of earning revenue are called expenses.

If competitive industry Z is making substantial economic profit, output will

A) fall in industry Z and firms will likely leave the market.
B) fall in all industries except industry Z.
C) expand in industry Z, as more resources will move to that industry.
D) expand in industry Z, but no new firms will enter the market.