The United States would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas
Indicate whether the statement is true or false
TRUE
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The cost of inflation to society includes I. the opportunity costs of resources used by people to protect themselves against inflation. II. the diversion of productive resources to forecasting inflation
A) I only B) II only C) both I and II D) neither I nor II
Opportunity cost is the __________ alternative forfeited when a choice is made
A) least-valued B) most highly-valued C) most convenient D) most recently considered
The largest reduction in a portfolio's risk is achieved when the number of stocks in the portfolio is increased from
a. 80 to 100. b. 40 to 80. c. 10 to 20. d. 1 to 10.
If expected inflation is constant, then when the nominal interest rate falls, the real interest rate
a. falls by more than the change in the nominal interest rate. b. falls by the change in the nominal interest rate. c. rises by the change in the nominal interest rate. d. rises by more than the change in the nominal interest rate.