Inflation ________.
A. reduces the buying power of people on fixed incomes
B. increases the buying power of everyone's income
C. reduces the buying power of everyone's income
D. increases the buying power of incomes that rise more slowly than prices
Answer: A
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Ron owns a mineral water plant that was set up with an initial investment of $4,000 . Each bottle of mineral water produced costs Ron $0.80 . In the month of January, Ron's firm sold 3,000 bottles of water at $1.80 per bottle. The accounting profit made by Ron in January was: a. $3,000
b. $3,200. c. ?$1,200. d. ?$1,000.
when the inflation rate is high and volatile
What will be an ideal response?
Refer to the above supply and demand graph for a public good. Which line segment indicates the amount by which the marginal benefit of this public good is greater than the marginal cost?
A. ef B. de C. da D. ab
If two firms are engaging in price fixing, and one firm lowers its price, the other firm will always interpret this as underpricing.
Answer the following statement true (T) or false (F)