If the CPI is now 325, by what percent did the price level rise since the base year?
Fill in the blank(s) with the appropriate word(s).
225
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The prisoners' dilemma is similar to the problem faced by firms in an oligopoly in the United States because
A) mutual interdependence exists, and collusion is illegal in the United States, so the firms cannot legally communicate. B) collusion is legal in the United States, and firms can communicate their pricing decisions to each other. C) failure to cooperate leads to better outcomes than cooperation. D) private prisons are run by oligopolies. E) the firms can communicate, but mutual interdependence exists.
The Great Depression is thought to have been prolonged and made deeper by
A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.
What amount must be earned to induce investors to continue to supply the funds necessary to maintain a firm's capital assets?
a. stockholder equity b. the opportunity cost of capital c. economic profit d. accounting profit
Which group (or groups) would be the most upset by wide variation in the income distribution?
a. utilitarians b. utilitarians and liberals c. libertarians d. liberals and libertarians