If a family spends its entire budget in a given time frame, the family can afford either 8 dance lessons or 5 karate lessons. Assuming the family spends its entire budget on just these two goods, what is the opportunity cost of one karate lesson in the time frame?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?