An automatic increase in a wage rate found in some contracts is known as a
A) change of labor agreement.
B) cost of labor arrangement.
C) cost of living adjustment.
D) charge for living amendment.
C
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The higher the expected rate of inflation,
A) the lower is the nominal rate of interest. B) the higher is the real rate of interest. C) the higher is the nominal rate of interest. D) the higher the real and nominal rates of interest.
Perfectly competitive markets:
A. tend to have relatively few sellers. B. are more of an idealized model economists use than a real-life occurrence. C. tend to have relatively few buyers. D. are the most common type of market in the United States.
Assume that a firm's interest-rate cost-of-funds curve for R&D is perfectly elastic. Which of the following would increase a firm's optimal R&D expenditures and, in equilibrium, leave the expected rate of return on the last dollar of R&D
unchanged? A. A rightward shift of the expected-rate-of-return curve. B. An upward shift of the interest-rate cost-of-funds curve. C. A leftward shift of the expected-rate-of-return curve. D. A downward shift of the interest-rate cost-of-funds curve.
The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than B. a little lower than C. about the same as D. a little higher than