Which of the following may be sacrificed when pursuing growth policies?
a. Environmental regulations and air quality
b. Anti-monopoly, pro-competitive legislation
c. Safety net programs such as food stamps
d. All of the above
e. Technological progress
D
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The GDP deflator: a. includes fewer goods and services than the CPI
b. generally rises substantially faster than the CPI during inflationary conditions. c. ignores investment goods and goods produced by the government. d. is the broadest generally reported measure of inflation.
Suppose that John can buy a savings bond for $500 that matures in ten years and pays John $1,000 with certainty. He is indifferent between this bond and another $500 bond that has some risk but on which the interest rate is 5% higher. How much, to the nearest penny, does the riskier bond pay in ten years?
a. $1,275.91 b. $1,422.63 c. $1,577.69 d. $1,631.17
An increase in the productivity of labor causes
A) quantity supplied by each firm in a competitive industry to decrease. B) supply in a competitive industry to increase. C) the market price to increase in a competitive industry. D) the firm's supply curve to shift but has no effect on the industry supply curve.
Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. Explain the effect of mandatory car insurance laws on the number of traffic accidents and fatalities.
What will be an ideal response?