United States Postal Service has successfully leveraged its monopoly power through
a. online postage purchases
b. delivery of Netflix DVDs
c. an online bill-paying service
d. a secure online document transmission service
e. increasing third-class mail rates
B
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Refer to Table 2.4. The inflation rate for 2012 is
A) -8.22%. B) 8.95%. C) 9.13%. D) 10.89%.
Suppose a consumer's nominal income is $50,000 and the cost-of-living index is 1.3. The consumer's real income is:
A. $50,000. B. $65,000. C. $57,500. D. $38,462
Which of the following is not a lagging indicator?
a. Duration of unemployment b. Commercial and industrial loans c. Stock prices d. Prime rate
If income decreases, then:
A. the horizontal intercept of the budget line shifts upward. B. the budget line remains the same. C. the slope of the budget line becomes steeper. D. the vertical intercept of the budget line shifts downward.