3 redistributive effects of inflation:
What will be an ideal response?
1) price effects
2) income effects
3) wealth effects
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Which type of ratio measures the ability of a business to meet short-term financial obligations?
a. liquidity ratios b. activity ratios c. financial leverage ratios d. profitability ratios e. value of the firm ratios
A local manufacturing plant that emitted sulfur dioxide was forced to stop production because it did not comply with local clean air standards. This decision provides an example of
a. a direct regulation of an externality. b. corrective taxes. c. a Coase theorem solution to an externality. d. the misuse of a subsidy.
The use of controlled experiments using particular substances to test hypotheses is most likely to be found in:
A) chemistry. B) economics. C) history. D) the humanities.
A deductible is the
A. amount of covered expense that an individual will have to pay before the insurance company pays anything. B. percentage of a covered expense that an individual will have to pay. C. amount of covered expense that an insurance company will have to pay before the individual pays anything. D. percentage of a covered expense that an insurance company will have to pay.