Who does inflation benefit?
(a) All businesses
(b) The government
(c) Individuals living on fixed incomes
(d) Debtors
(b)
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As the stock of a depletable resource falls, its user cost
A) rises. B) falls. C) is unchanged, but its price rises. D) is unchanged, but the extraction cost rises. E) is unchanged, but its true cost rises.
Consider a version of the ultimatum game in which player A makes an integer offer {1,2 …,9} to player B. If B accepts, he or she gets that amount of money and A gets to keep the remainder of $10 . If B rejects, both get nothing. Which of the following is an offer that arises in a subgame-perfect equilibrium assuming players only care about monetary payoffs?
a. 1. b. 2. c. 4. d. 5.
To avoid the law of diminishing control, the government could:
A. change the regulations when it is appropriate to do so. B. let the Federal Reserve decide the regulations and implement the regulations. C. treat regulation as a one-time event that is not predictable. D. leave the regulations the way they are.
Government-imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
A) the Pigovian method of pollution control. B) a command-and-control approach to pollution reduction. C) a Coasian solution to pollution reduction. D) a tradable emission allowance system of pollution control.