Anticipated inflation is associated with cost increases which are fully expected
Indicate whether the statement is true or false
TRUE
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The CPI is a measure of the:
A. average level of prices relative to prices in the base year. B. price of a specific good or service. C. rate of inflation. D. real wage.
The wages for Nike workers increases. At the same time, we see the price for Adidas shoes increase. How does this affect the market for Nike shoes?
a. The demand curve will shift to the left; the supply curve will shift to the left b. The demand curve will shift to the left; the supply curve will shift to the right c. The demand curve will shift to the right; the supply curve will shift to the left d. The demand curve will shift to the right; the supply curve will shift to the right
One way to invest in human capital is by
a. increasing your education. b. avoiding on-the-job training programs. c. doing nothing; it is impossible to improve your human capital. Human capital is solely determined by the abilities that you are born with. d. investing in physical capital.
Dumping is considered a practice that seriously harms domestic producers because
A. the quality of the dumped good is superior to that of the importing country. B. it establishes a price that cannot be met by domestic producers. C. it discriminates between wealthy and poor countries. D. it allows the exporting country to use poor quality materials.