"Stagflation" refers to the unwelcome combination of
a. inflation and rising prices.
b. deflation and unemployment.
c. inflation and unemployment.
d. inflation and expansion.
c
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Refer to Scenario 1-2. Had the firm not produced and sold the last 300 hats, would its profit be higher or lower, and by how much?
A) Its profit will be $1,000 lower. B) Its profit will be $100 lower. C) Its profit will be $1,100 higher. D) Its profit will be $100 higher.
A negotiable large-denomination certificate of deposit is an example of a
A) capital market instrument to finance capital acquisitions. B) money market instrument to finance inventories and short-term receivables. C) type of stock held by financial institutions. D) type of stock held by individuals.
If the price of gasoline rises sharply and the demand for sports utility vehicles falls, then the two goods are
A) complements. B) normal goods. C) substitutes. D) inferior goods.
The city just sprayed for rodents in the homes whose owners allowed the workers to do so. Many people did not let the workers in, but they still have fewer rodents because of the spraying that took place nearby. This shows that the rodent spraying is ______.
a. a public good b. excludable c. a private good d. rival