During an extended inflationary period, the money rate of interest will usually be
a. lower than the real rate of interest.
b. equal to the real rate of interest.
c. greater than the real rate of interest.
d. inversely related to changes in the inflation rate.
C
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The portion of a country's overall assets that is directly related to the environment, such as forests and soil quality, is known as
(a) environmental capital. (b) debt for nature swaps. (c) protected areas. (d) common property assets.
Free trade leads to an overall improvement in the standard of living in a country because everything is produced at the lowest possible cost
a. True b. False Indicate whether the statement is true or false
The concentration ratio of a monopoly industry is 100 percent
Indicate whether the statement is true or false
What is the "unit of account" function of money?
A. a common measurement of the relative value of different goods and services B. the ability of money to hold value over time C. the quality of money not to be hoarded because of its commodity value D. the function of money to be widely accepted I exchange for goods and services