Which of the following is the best example of “depreciation”?
A) An individual worker becoming tired at the end of an eight-hour work day.
B) The notion that individuals obtain less utility from paying taxes than giving to charities.
C) A truck used by a pizzeria to make deliveries is worth less at the end of one year.
D) A rise in prices depreciating the value of consumers’ real incomes.
ANSWER
C
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