If the consumer price index falls from 120 to 116 in a particular year, the economy has experienced:
A. inflation of 4 percent.
B. inflation of 3.33 percent.
C. deflation of 3.33 percent.
D. deflation of 4 percent.
C. deflation of 3.33 percent.
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Self-indulgence and non-deferred gratification have convinced some that poor lack the desire and motivation to escape poverty
Indicate whether the statement is true or false
Which statement is true?
A. Employment discrimination plays virtually no role in determining the distribution of income. B. Training, education, and intelligence play a very large role in determining the distribution of income. C. In our society, it's basically who you know, rather than what you know that determines the distribution of income. D. None of these statements are true.
Which of the following theories states that people who are highly risk-averse are less likely to engage in high-risk activities?
a. The theory of moral hazard b. The theory of adverse selection c. The propitious selection theory d. The death spiral theory
If the dollars per euro exchange rate increased,
a. Americans would purchase fewer European goods b. more U.S. firms would want to relocate to Europe c. more American tourists would travel to Europe d. the demand for euros would increase e. Europeans would become more highly respected