Which of the following is an outcome of high and variable inflation?
a. Incentives in the economy to adjust in response to changes in prices are stronger.
b. Penalties in the economy to adjust in response to changes in prices are weaker.
c. Penalties in the economy to adjust in response to changes in prices are weaker.
d. Incentives in the economy to adjust in response to changes in prices are weaker.
d. Incentives in the economy to adjust in response to changes in prices are weaker.
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In 2014, the largest exporter in the world was
A) Japan. B) the United States. C) Germany. D) China.
Are developing countries experiencing a demographic transition much like the one developed countries did at their earlier stages of economic development or are there important differences?
What will be an ideal response?
Often, candidates running for political office will speak in general terms instead of specific terms because voters agree more on __________ than __________
A) benefits; costs B) costs; benefits C) means; ends D) ends; means E) none of the above
Suppliers will be willing to supply a product in all of the following situations except when
A) the price received is greater than the additional cost of producing the product. B) the price received is at least equal to the additional cost of producing the product. C) the price received is equal to the additional cost of producing the product. D) the price received is less than the additional cost of producing the product.