During what period was money a better store of value: 1960-1980 or 1990-2009? Explain.
What will be an ideal response?
The period 1990-2009. During the period 1960-1980, inflation often rose to more than 5 percent; during the period 1990-2000, it rarely did.
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An American computer is priced at $1,200. If the exchange rate between the U.S. dollar and the Japanese yen is $0.01 per yen, the equivalent price of the computer in yen is approximately __________ yen
A) 12,000 B) 12 C) 1,200,000 D) 120,000
The concentration ratio is defined as the:
A. percentage of total industry output produced by the top firms. B. squared value of the market shares of all the firms in an industry. C. percentage of industry output produced by a specific firm. D. squared value of the market shares of the largest four firms in the industry.
Most of the state and local government employees are in what area?
A. Health care B. Education C. Administration D. Highways
Though he has retired as a professional football receiver, Jerry Rice still earns a sizeable annual income from endorsements. His economic rent is so high because
A. football fans tend to spend a substantial amount of money on sports memorabilia. B. there is still a high demand for his star appeal. C. he is a successful coach in the National Football League. D. people do not like NFL players.