As far as redistribution is concerned, if the inflation rate is lower than anticipated...
What will be an ideal response?
lenders gain at the expense of borrowers and some workers gain at the expense of employers
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Which of the following views most likely would belong to a behavioral economist?
A. Governments should never intervene in a housing bubble. B. When people spend too much, they are just reflecting their wants. C. More growth is needed to make society better off. D. Change the institutional structure to get people to save more.
If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then
A) the cloth exporter will increase the quantity of cloth produced. B) the cloth exporter will increase the quantity of cloth exported. C) the food exporter will increase the quantity of food exported. D) the cloth exporter will decrease the quantity of cloth exported. E) the country would import more cloth.
If gas prices suddenly change from $2 a gallon to $4 a gallon, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) likely; decrease B) not likely; decrease C) likely; increase D) not likely; cha
A bid rotation scheme in a cartel is where
a. The cartel members do not participate in auctions b. The cartel members never bid against each other c. The cartel members take turns winning the bids and do not bid against the member whose turn it is to win d. All of the above