As the dollar is devaluated
A. inflationary pressures are reduced and our standard of living is reduced.
B. inflationary pressures are increased and our standard of living is increased.
C. inflationary pressures are reduced and our standard of living is increased.
D. inflationary pressures are increased and our standard of living is reduced.
D. inflationary pressures are increased and our standard of living is reduced.
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For the monopsonist, marginal expenditure is greater than the wage rate because the monopsonist
A) pays a wage higher than that paid in a competitive market. B) chooses the perfectly competitive quantity of labor. C) must increase the wage to all units of labor to attract more units of labor. D) must take the wage as given by the market.
The demand for inputs is a derived demand because
A. it does not come from competitive markets. B. it depends on the demand for outputs. C. it is derived from production. D. it is derived from nature.
During 2016, Sean's consumption equals $25,000 and the change in his net worth is -$5,000. Sean's economic income for 2012 is
A. $5,000. B. $20,000. C. $25,000. D. $30,000.
__________ occurs because firm owners have an incentive to understate their true riskiness to borrow on a more favorable basis
A) Moral hazard B) Adverse selection C) Manager-stockholder conflict D) Manager-lender conflict