A price index that tends to be a leading indicator of future inflation rates is the
A. GDP price index.
B. retail price index.
C. producer price index.
D. consumer price index.
Answer: C
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In an unregulated, competitive market, less than the efficient quantity of education is produced and consumed because
A) the decisions to produce and consume education are based on marginal private costs and marginal private benefits. B) the decisions to produce and consume education are based on marginal social costs and marginal social benefits. C) the decisions to produce and consume education are based on marginal private benefits and marginal social costs. D) marginal private costs are consistently greater than marginal private benefits.
Which of the following is TRUE?
A) Monopoly results in a higher quantity of output being sold compared with perfect competition. B) Price discrimination occurs when there are differences in prices that reflect differences in marginal cost. C) Charging all customers the same price when costs vary can actually be a case of price discrimination. D) Price discrimination guarantees that the monopolist will make a profit.
The cost of capital and the cost of debt should be identical when economic profits are positive
Indicate whether the statement is true or false
Which of the following is not a defining characteristic of globalization?
a. Increased cross-border flow of trade in goods b. Increased cross-border flow of trade in services c. Increased international mobility of information d. Increased frequency of wars e. Increased mobility of individuals across borders