A physical book that sells new for $100 will typically sell as an e-book for around
A. $50.
B. $100.
C. $75.
D. $25.
Answer: A
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An increase in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
The hypothesis stating that people combine the effects of past policy changes on important economic variables with their own judgment about the future effects of future and current policy changes is known as
A) policy irrelevance hypothesis. B) rational expectations hypothesis. C) life cycle hypothesis. D) real business cycle hypothesis.
If the consumer price index in 2007 is 25 times that of 1860, and a slave cost $2,000 in 1860, how much is that in terms of 2007 dollars?
a. $12,500 b. $25,000 c. $50,000 d. $75,000 e. $750,000
The difference between Capitalism and Socialism is that
a. Capitalism is concerned more about how to slice up the "pie" b. Socialism is concerned with making the "pie" as large as possible c. Capitalism is concerned with making the "pie" as large as possible d. Both a and B