During the Great Recession, the growth rate of Real GDP _________________ and the inflation rate ___________________
A) increased; declined
B) declined; increased
C) declined; also declined
D) increased; also increased
C
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Specialization in production
A. Increases output. B. Makes a country weak. C. Decreases total world output. D. Reduces the standard of living.
Unexpected inflation can benefit some people/firms and harm others. This is an example of:
A. unmeasured risk. B. idiosyncratic risk. C. zero risk since the effects balance. D. systematic risk.
Consider the game tree in Figure 12.8. If both stores' payoffs in the bottom rectangle were $250 instead of $300, the outcome of the game will be that:
A. both stores choose to advertise. B. both stores choose not to advertise. C. Store A chooses to advertise but Store B chooses not to advertise. D. Store B chooses to advertise but Store A chooses not to advertise.
What are the human realities of poverty in DVC?
What will be an ideal response?