Examlex
Convert the following decimal to a percent.
0.04
Scarce Resources
Refers to the limited availability of resources that are used for the production of goods and services, necessitating choices about their allocation.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing an action.
Tuition
The fee for instruction at a school, university, or college.
Room And Board
The combined cost of housing (room) and food/meals (board) typically for students living on a college campus.
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