Unanticipated inflation penalizes:
a. those who are saving
b. those who are borrowing.
c. governments.
d. those who are in high-growth industries where wages are growing faster than prices.
e. those who can't find jobs at any wage rate.
a
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Suppose there's an 80% chance of a stock rising by 20% and a 20% chance of it falling by 40%. Which type of investor would prefer an investment with a guaranteed return of 5%?
A) risk loving investor B) risk neutral investor C) risk averse investor D) risk is not relevant in this example
Which of the following is expected to happen if import restrictions are removed for a particular industry?
a. Supply will increase b. Supply curve will shift to the left c. Demand curve will shift to the left d. Prices will increase
The invisible hand enforces the tendency toward
A. MR = MU. B. MC = P = MU. C. MC = MPP = P. D. MRP = MPP = P.
The budget constraint shown below is consistent with a pricing strategy that involves a 
A. price increase of X for large quantities. B. price reduction of X for large quantities purchased. C. constant price of X for all quantities purchased. D. price change of X and a nominal income increase for the consumer.