If the CPI this year is 240 and the CPI in the previous year was 200, what is the annual inflation rate?
A) 20.0 percent
B) 50 percent
C) 16.7 percent.
D) -16.7 percent
E) 40.0 percent
A
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With a natural monopoly, the normal profit price is ________ and the competitive price is ________.
A. not allocatively efficient; allocatively efficient B. allocatively efficient; allocatively efficient C. not allocatively efficient; not allocatively efficient D. allocatively efficient; not allocatively efficient
All of the following are examples of financial intermediaries EXCEPT
A) stock exchanges. B) credit unions. C) insurance companies. D) retirement funds.
Unless demand is changing, price and quantity will
A) be proportionate. B) move in opposite directions. C) move in the same direction. D) fluctuate cyclically. E) remain constant.
Free markets can
A. produce goods and services with maximum efficiency. B. permanently solve unemployment. C. completely protect the environment. D. All of these responses are correct.