The Elites of Complex Societies Seem to Have as Their

question 12

Multiple Choice

The elites of complex societies seem to have as their motto:

• A) a stitch in time saves nine
• B) a bird in the hand is worth two in the bush
• C) man fears time but time fears the pyramids
• D) if you've got it, flaunt it

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Definitions:

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, reflecting the cost of borrowing or the reward for saving.

Normal Return

The minimum profit necessary to keep a factor of production in its current use, essentially the opportunity cost of using resources.

Investment

The allocation of resources, such as capital or time, into a venture with the expectation of generating future returns.

Retained Earnings

The portion of net income that is not distributed to shareholders but instead reinvested back into the company.