The period 1974-1975 is somewhat unique in U.S. economic history due to the fact that:
A. both the output and the inflation rate were falling.
B. output was falling yet the inflation rate rose dramatically.
C. output and the inflation rate were both rising.
D. the output was growing rapidly and the inflation rate was falling.
Answer: B
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Economists call the physical cost of changing prices
A) menu costs. B) increasing profits. C) inflationary suffrage. D) the cost of doing business.
Suppose you make $1,000 investment today that you believe will have a one-time return of $2,500 in 5 years. If the interest rate is 12%, will you have a profitable investment?
A. Yes, because the NPV is positive B. Yes, because the NPV is negative C. No, because the NPV is positive D. No, because the NPV is negative
The World Bank defines severe poverty as
A. An income level that does not allow an individual to buy basic necessities. B. An extreme lack of food. C. An income level of less than $1.25 per person per day. D. An income level of less than $3.10 per person per day.
U.S. tire production involves large social costs from air pollution. How will stronger U.S. environmental regulations requiring firms to reduce their air pollutants affect U.S. tire imports?
a. Stronger U.S. environmental regulations will cause increases in U.S. tire imports. b. Stronger U.S. environmental regulations will cause decreases in U.S. tire imports. c. Stronger U.S. environmental regulations will neither cause increases nor decreases in U.S. tire imports d. Stronger U.S. environmental regulations will cause decreases in U.S. tire imports but not reduce tire producers' emissions of air pollutants.