A main argument against indexing is that:
a. it can worsen inflation
b. it can reduce asset prices.
c. transaction costs are too high.
d. it could lead to deflation.
a
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The Human Development Index combines ________, life expectancy, and measures of education to measure the standard of living
A) gross domestic product B) income per capita C) income per worker D) gross national product
In the above figure, which point represents an economy which is at the peak part of a business cycle?
A) point F B) point G C) point I D) point K
The four-firm concentration ratio is the percentage of the ________ accounted for by ________ in an industry
A) normal profit; any four firms B) value of sales; the four largest firms C) economic profit; any four firms D) economic profit; the four largest firms
Capitalism is an economic system in which there is public ownership of the means of production and resource allocation is determined through markets.
Answer the following statement true (T) or false (F)