The German inflation rate after World War I was measured in the thousands of percent. This condition is referred to as
A. fundamental inflation.
B. environmental inflation.
C. hyperinflation.
D. episodic inflation.
Answer: C
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The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts another cat, named Sphynx, the budget line shown in the figure will
A) become flatter. B) become steeper. C) shift outward (because cats eat less). D) not move.
The introduction of steamboats:
a. led to dramatic declines in the price of upstream transport. b. led to moderate declines in the price of downstream transport. c. is the primary reason for falling transportation costs in the early 1800s. d. led to an initial decrease in transport costs that continued to fall due to learning by doing and the construction of lighter boats with increased capacity. e. All of the above.
In the U.S., the poverty rate is lowest among young families with a head of household under 25
a. True b. False
The growth rate of productivity is the most important determinant of material well-being in the short run.
Answer the following statement true (T) or false (F)