In 1949,Sycamore,Illinois Built a Hospital for About $500,000

question 26

Multiple Choice

In 1949,Sycamore,Illinois built a hospital for about $500,000.In 1987,the county restored the courthouse for about $2.4 million.A price index for nonresidential construction was 14 in 1949,92 in 1987,and 114.5 in 2000.According to these numbers,the hospital cost about

• A)$3.6 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
• B)$3.6 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.
• C)$4.1 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
• D)$4.1 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.

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Definitions:

Specific Performance

A legal remedy in contract disputes where a court orders the party who breached the contract to fulfill their obligations as specifically stated in the contract, rather than just paying damages.

Promised Act

An action that a party commits to carrying out, often referenced in the context of contractual agreements.

Ovulated Cell

Commonly referred to as an ovum or egg cell, it is the female reproductive cell released during ovulation.

Meiosis

A type of cell division that reduces the chromosome number by half, creating four daughter cells, each with half the number of chromosomes of the parent cell, essential for sexual reproduction.