Which group is always harmed by inflation?
a. Borrowers
b. Lenders
c. Businesses
d. Variable income earners (e.g. workers)
e. Fixed income earners with no supplementary benefits and few assets.
.E
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The only goods you consume are pizza and soda. Both are normal goods. For you, pizza and soda are substitutes. Which of the following leads you to buy more of both goods?
A) The price of a pizza falls. B) The price of a soda falls. C) Your income increases. D) Both answers A and B are correct.
When Electronic Arts, the company behind the games Zuma and Plants vs
Zombies, sold stock to the public for the first time in September 1989, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers, the sales take place in a ________ market. A) primary; primary B) secondary; secondary C) primary; secondary D) secondary; primary
An economic analysis of the burdens imposed on the colonists by the Navigation Acts for commodities that were imported from Europe via England can best be described as:
a. A shift back in the demand curve and a resulting decrease in the price of the goods. b. A shift back in both the supply and demand curves. c. A shift out of the supply curve and a shift back in the demand curve. d. A shift back in the supply curve, which increases the price and decreases the quantity.
When an employer has a right to hire anyone, but every nonunion worker hired must join the union within a certain period of time, this is
a. illegal b. a union shop c. a closed shop d. an elastic shop e. a strike