When unexpected inflation occurs,
A. real wages rise.
B. average prices have increased.
C. lenders benefit.
D. borrowers are harmed.
Answer: B
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If the change in y = 10 and the change in x = 3, there is
A) a positive relationship between y and x. B) a negative relationship between y and x. C) an independent relationship between y and x. D) no relationship between y and x. E) a +0.33 relationship between the two variables.
All Gini coefficients must lie between 0 and 1. The lower the value
A) the closer the income distribution is to being equal. B) the lower the degree of poverty according to the federal government's definition of poverty. C) the greater the degree of poverty. D) the more unequal the income distribution.
Which of the following is not true of monopolists?
a. The entry of new firms is not a major concern. b. Monopolists seek to maximize profits. c. Monopolists can charge any price they want and make a profit. d. Monopolists can choose any point on the market demand curve. e. Monopolists can raise price more than 10 percent.
Monetary freedom refers to:
a. the ability to create and operate an enterprise easily. b. the absence of tariff and non-tariff barriers that affect imports of goods. c. the tax burden and overall tax revenue of the government. d. price stability with an assessment of price control. e. the free flow of foreign capital.