Shoe leather costs include the ________ due to the more frequent trips to the bank, the new cash management systems and the expanded employment in banks that inflation causes.
A. deflating and indexing that are necessary
B. redistribution that occur
C. time and effort that are used up
D. substitution and price adjustment biases that arise
Answer: C
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The table above shows
A) a total product schedule. B) the market for labor. C) a production possibility frontier. D) a supply schedule. E) a demand for labor schedule.
In the figure above, the middle fifth of all households receive what share of all income?
A) 10 percent B) 20 percent C) 30 percent D) 40 percent
A simple loan involves
A) interest payments from the borrower to the lender periodically during the life of the loan. B) no payment of interest by the borrower to the lender. C) payment of interest by the borrower to the lender only at the time the loan matures. D) payment only of principal. by the borrower to the lender at maturity.
In economic utility analysis, consumer tastes and preferences are assumed
A) to be determined by income. B) to be influenced by the prices of goods. C) given and stable for an individual. D) given but rapidly changeable.