True or False 1. For any economy study based on our discussions, it is always necessary to determine the profit to evaluate the better/best alternative. 2. If simple interest is evaluated, then the interest obtained will always be directly proportional to the number of years assuming that a constant interest rate is used throughout these years

True or False 1. For any economy study based on our discussions, it is always necessary to determine the profit to evaluate the better/best alternative. 2. If simple interest is evaluated, then the interest obtained will always be directly proportional to the number of years assuming that a constant interest rate is used throughout these years

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 12P

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