Under which one of the following situations would you be better off?
A) You have $10,000 in your savings account paying 5 percent per year and unanticipated inflation is 8 percent per year.
B) You have paid $500 for a $1,000 U.S. savings bond that matures in 10 years and unanticipated inflation is 10 percent per year.
C) You lend a friend $1,000 at 6 percent to be repaid in one year and unanticipated inflation is 7 percent during the year.
D) You borrowed $2,500 at 7 percent to pay for this year's college expenses and unanticipated inflation is 12 percent during the year.
D
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A perfectly competitive firm may earn economic profits in
a. only the short run. b. only the long run. c. the short run and the long run. d. neither the short run nor the long run.
Which of the following most characterizes monopolistic competition?
A. Price leadership. B. Price discrimination. C. Economies of scale. D. Product differentiation.
What are the conditions necessary to produce neither an “under allocation” nor “over allocation” of resources?
Please provide the best answer for the statement.
Trade can stifle the development of industries than might be more efficient than existing ones
Indicate whether the statement is true or false