Unanticipated positive inflation will create
A. gains for both creditors and debtors.
B. losses for both creditors and debtors.
C. gains for creditors and losses for debtors.
D. losses for creditors and gains for debtors.
Answer: D
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Microsoft has integrated many components into its Windows operating systems, such as a web browser, media player, etc. How might this be an example of nonprice competition?
What will be an ideal response?
An increase in the minimum wage would lift relatively few poor people out of poverty
Indicate whether the statement is true or false
To get personal income from national income, one must:
a. subtract out retained earnings, Social Security taxes, and transfer payments, and add in corporate business taxes. b. subtract corporate profits and Social Security taxes, and add in transfer payments and other income. c. subtract retained earnings, corporate business taxes, and transfer payments, and add in Social Security taxes. d. subtract out corporate business taxes, Social Security taxes and transfer payments, and add in retained earnings.
Suppose a country increases trade restrictions. This country would be pursing an
a. inward policy, which most economists believe has beneficial effects on the economy. b. inward policy, which most economists believe has adverse effects on the economy. c. outward policy, which most economists believe has beneficial effects on the economy. d. outward policy, which most economists believe has adverse effects on the economy.