Who benefits from a higher than expected inflation rate?
a. Lenders and workers.
b. Lenders and businesses.
c. Borrowers and workers.
d. Borrowers and businesses.
e. None of the above.
.D
Economics
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Prior to 1995 productivity growth in Europe was ________ in the United States
A) higher than B) lower than C) same as D) None of the above
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We ADD to the GDP when goods produced abroad are sold in the United States.
Answer the following statement true (T) or false (F)
Economics
The most difficult type of merger to attack under the antitrust laws is the _________ merger
a. horizontal b. vertical c. conglomerate d. joint venture e. per se
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A firm has market power if it can
a. maximize profits. b. minimize costs. c. influence the market price of the good it sells. d. hire as many workers as it needs at the prevailing wage rate.
Economics