In which type of contract is the agent paid per unit of output?
A) A commission based contract.
B) A sharecropping contract.
C) A piece rate contract.
D) A contract with stock options as salary.
C
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Hyperinflation can be caused by
A) the central bank selling bonds to the government. B) the government selling bonds to the public. C) the central bank selling bonds to the public. D) the government selling bonds to the central bank.
Economic growth may understate changes in standards of living if
A) the growth is accompanied by increasing congestion. B) leisure time is also increasing. C) the types of jobs generated feelings of alienation. D) deflation is taking place.
What is the percentage of income received by the lower two quintiles on line X?
A decrease in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases