Suppose a retail store was offering 10 percent off list prices on all goods. The benefit of the 10 percent savings is:
A. negatively related to the list price of the good.
B. unrelated to the list price of the good.
C. positively related to the list price of the good.
D. zero since costs and benefits shouldn't be measured proportionally.
Answer: C
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The multinational organization that aims to promote world economic growth by fostering financial stability is the
A) International Monetary Fund. B) World Trade Organization. C) World Bank. D) United Nations.
Under a fixed exchange rate system, if the inflation rate of the United States exceeds the inflation rate of other nations, the
A) dollar will depreciate. B) dollar will appreciate. C) United States will develop a trade surplus. D) United States will develop a trade deficit.
When the level of unplanned inventory investment is equal to zero, the economy is
A) in disequilibrium. B) in a recession. C) in equilibrium. D) overheating
Greater economic efficiency and income equality can usually both be achieved in an economy simultaneously.
Answer the following statement true (T) or false (F)