Unexpected inflation redistributes income:
a. away from workers with cost-of-living adjustments, benefiting employers.
b. away from renters, benefiting landlords.
c. away from poor people, benefiting the rich.
d. away from people with fixed incomes, benefiting people with fixed costs.
e. away from debtors, benefiting creditors.
d
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When a nation imports a good, its ________ surplus increases and its ________ surplus increases
A) consumer; producer B) consumer; consumer C) producer; producer D) producer; total E) total; consumer
If a good's price is volume sensitive, the consumer will:
A. choose the bundle on the budget line that lies on the lowest indifference curve. B. choose the bundle on the budget line where the budget line is "kinked." C. choose a boundary solution. D. choose the bundle on the budget line that lies on the highest indifference curve.
Your electrician accepts payment only in cash in order to avoid taxes. If you pay him $100,
A) the GDP of your country will increase B) the GDP of your country will fall C) the trade surplus of your country will increase D) the GDP of your country will remain unchanged
Answer the following statement(s) true (T) or false (F)
1. Actuarial risks are based on factual data. 2. A reference dose (RfD) measures the daily exposure to some contaminantthat can be tolerated over a person’s lifetime. 3. According to the textbook application on the ecological risks associated with climate change, all such risks are known with certainty. 4. The EPA has developed the same guidelines for assessing both human health risks and ecological risks. 5. In an ecological risk assessment, the step in which the ecological entity that is potentially at risk is identified is called the analysis phase.