Which of the following is not an example of the issue of time inconsistency?
A) a central bank announced to maintain low inflation and at the same time increased money supply
B) a government stated that they will not negotiate with hostage takers. When someone is taken hostage, it negotiates
C) a mom says to her kids no cookie before meals and she never gives cookies before her kids eat their meals
D) a person on diet eats ice cream for dinner
C
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The single best indicator of the degree of economic inequality in a country is the
a. top/bottom ratio b. Gini coefficient c. poverty rate d. Kuznets curve e. bell curve
Managers in firms with market power can:
A) not influence price. B) develop strategies that involve both the demand and supply sides of the market. C) only focus on the demand side of the market. D) none of the above.
Country X has experienced GDP growth of 4 percent and a population growth of 5 percent. What is this country's growth of per capita real GDP?
A) -1 percent B) 1 percent C) 9 percent D) -9 percent
If the executives of the U.S. silicon-chip industry lobby Congress for protection from imports on the grounds that several thousand workers would lose their jobs if there were a reduction in domestic silicon-chip production, they are using the:
A) environmental standards argument. B) infant industry argument. C) job protection argument. D) national security argument.