The opportunity cost of postponing income to some future time depends on the interest rate
a. True
b. False
Indicate whether the statement is true or false
True
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Demand-side inflation is normally accompanied by
A. falling real GDP, while supply-side inflation may be accompanied by rising real GDP. B. falling real GDP; the same is true of supply-side inflation. C. rising real GDP, while supply-side inflation may be accompanied by falling real GDP. D. rising real GDP; the same is true of supply-side inflation.
The owner of Chez Zee needs to hire a new head chef and has posted an advertisement on various online job boards. The restaurant owner wants to reduce the amount of imperfect information he receives from job applicants. Which of the following would address this concern?
a. Requiring a resume and recommendations b. Requiring a detailed job and personal history c. Stipulating a trial period as a hiring condition d. Offering the job with a renewable contract
Using income tax revenue to fund the welfare system illustrates the conflict between efficiency and equality
a. True b. False Indicate whether the statement is true or false
When the dollar value of a country's imports of final products is less than the dollar value of its exports, the country has a
A. balance of trade deficit. B. budget surplus. C. budget deficit. D. balance of trade surplus.