For a previously-legal good, criminalization will cause
A. demand to become less elastic.
B. supply to become more elastic.
C. price to fall, unambiguously.
D. supply to increase.
Answer: A
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As a store of value, money
A) does not earn interest. B) cannot be a durable asset. C) must be currency. D) is a way of saving for future purchases.
Inflation targeting makes more sense than unemployment targeting, because ________
A) monetary policies affect inflation, not unemployment B) expected unemployment is not a key determinant of the unemployment rate C) a commitment to avoid high inflation is inherently more credible than a commitment to avoid high unemployment D) most voters and most elected officials are more concerned about inflation
Chain-weighted indexes have less bias compared to fixed-weight indexes
a. True b. False Indicate whether the statement is true or false
Which of the following is not a cost per unit produced?
a) Total cost; b) Marginal cost; c) Average variable cost; d) Both (a) and (b) are not unit costs.