Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. no change in
B. modest increases
C. modest decreases
D. substantial increases
Answer: B
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Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of WorkersPizzas Baked Per Day00110218324430532How many workers will Joe hire if he must pay each one $25 a day?
A. 1 B. 2 C. 3 D. 4
Which of the following describes the asymmetry Moncur Olson observed in the incentives to support and oppose trade policy?
A) The benefits of those seeking protection outweigh the costs imposed by the protection. B) The benefits of protection are spread out over a large number of firms and industries, but the costs are concentrated on consumers. C) The benefits of policy are concentrated, and the costs are spread out over a large number of participants. D) The costs of protection are concentrated on a few firms, and the benefits of protection are spread out over a large number of consumers.
When inflation occurs,
a. real wages must necessarily fall. b. real wages must necessarily rise. c. workers will experience falling real incomes. d. workers' real income may rise or fall.
The seller's investment value is the ____________ he or she would be willing to accept.
Fill in the blank(s) with the appropriate word(s).