Which of the following groups would not tend to lose from unexpected inflation?
a. Retirees on fixed pensions
b. Creditors.
c. Those whose incomes are tied to long-term contracts.
d. Those whose wages have cost of living adjustment clauses in their contracts.
d
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A benefit that accrues to people other than the buyer of a good is known as ________ benefit
A) an internal B) an external C) a marginal D) a total E) a subsidized
The game in the figure is shown using a:
This figure displays the choices being made by two coffee shops: Starbucks and Dunkin Donuts. Both companies are trying to decide whether or not to expand in an area. The area can handle only one of them expanding, and whoever expands will cause the other to lose some business. If they both expand, the market will be saturated, and neither company will do well. The payoffs are the additional profits (or losses) they will earn.
A. decision tree.
B. decision matrix.
C. flowchart.
D. graph.
As the price paid to a resource increases,
a. the supply of that resource will increase in the resource market b. the supply of that resource will decrease in the resource market c. resources will shift from other resource markets to this one d. resources will shift from this resource market to others e. resource usage will be unaffected
If the (steadily decreasing) marginal benefit of another day spent in the hospital is equal to the (steadily increasing) marginal cost of an additional day spent in the hospital, the
A. net benefit from the hospital stay is maximized. B. net benefit from the hospital stay must be negative. C. net benefit from the hospital stay must be positive. D. net benefit from the hospital stay must be increasing.