During an unanticipated inflation
A. creditors are hurt and debtors are helped.
B. both creditors and debtors are helped.
C. creditors are helped and debtors are hurt.
D. both creditors and debtors are hurt.
Answer: A
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Under a relative concept of poverty, poverty
A. doesn’t really exist. B. is higher in rich countries than in poor countries. C. can never be wholly eliminated by public policy. D. declines as technology advances.
The average consumer spends ___ days shopping for airline tickets
Fill in the blank(s) with the appropriate word(s).
A monopoly's short-run supply curve is upward-sloping because of diminishing marginal returns.
a. true b. false
Is it possible for a firm to have an absolute advantage in producing something without having a comparative advantage? Why or why not?
What will be an ideal response?