In which case below does a person's purchasing power from saving increase the most?
a. the nominal interest rate = 10% and inflation = 8%
b. the nominal interest rate = 9% and inflation = 6%
c. the nominal interest rate = 8% and inflation = 4%
d. the nominal interest rate = 7% and inflation = 2%
d
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The introduction of new technologies to production is ________ source of productivity improvement.
A. the only B. the least important C. no longer a D. the most important
A monopoly sets its price such that demand for the good produced is ______
A. unit elastic B. inelastic C. elastic D. either elastic or inelastic, but never unit elastic
When shirking at the workplace occurs, increased monitoring of workers is the only effective way to reduce this behavior
Indicate whether the statement is true or false
In perfect competition, an increase in fixed costs will eventually cause all except
A. reduction in industry output. B. reduction in a firm’s output. C. reduction in the number of firms. D. decrease in industry supply.