Which of the Following Economic Values Is NOT an Example

question 71

Multiple Choice

Which of the following economic values is NOT an example of a price?

• A) Wage earned per hour
• B) Annual interest rate paid for borrowed money
• C) College tuition per semester
• D) all are examples of prices

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Definitions:

Testable Predictions

Hypotheses that can be empirically investigated through experiment or observation to be proven true or false.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Scientific Attitude

The approach of being open-minded, skeptical, and analytical about evidence and explanations, characteristics valued in scientific investigation.

Humble

characterizes a person who has a modest or low view of their own importance.