If the real interest rate is 7 percent when the nominal interest is 12 rate is percent, the inflation rate is
A) -5 percent.
B) 5 percent.
C) 19 percent.
D) 1.7 percent.
E) 7 percent.
B
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________ describes hardy people who bounce back, have a sense of control over their lives and do not fear change
a. Cognition b. Emotive ability c. Psychological hardiness d. Reactivity
Why is there often resistance to free trade?
A. Specific groups may be hurt by free trade. B. Free trade usually hurts consumers. C. Free trade does not benefit the global economy. D. Free trade does not benefit the economy as a whole.
The United States has an absolute advantage in producing T-shirts, but not a comparative advantage, because
A. Another country may have an absolute advantage in producing T-shirts. B. The United States uses fewer resources to produce T-shirts than another country can C. Labor costs in the production of T-shirts are lower in the United States than in other countries. D. Other countries, such as China, can produce T-shirts at a lower opportunity cost relative to the United States.
Which is necessarily true for a purely competitive firm in short-run equilibrium?
A. Marginal revenue minus marginal cost equals zero B. Price minus average total cost equals zero C. Total revenue minus total cost equals zero D. Marginal revenue is zero