Determine Whether Natural Numbers, Whole Numbers, Integers, Rational Numbers, or All

question 43

Multiple Choice

Determine whether natural numbers, whole numbers, integers, rational numbers, or all real numbers are appropriate for
the situation.
-the number of birds a person owns

• A) integers
• B) natural numbers
• C) whole numbers
• D) all real numbers

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Definitions:

Implicit Cost

The opportunity cost associated with a firm's use of resources that it owns, which do not have a direct monetary payment but could generate income if deployed elsewhere.

Option

A financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price within a given timeframe.

Rate of Inflation

The percentage increase in the general price level of goods and services in an economy over a period of time.

Rate of Interest

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.