In the 1990s, U.S. prices rose at about the same rate as in the 1970s
a. True
b. False
Indicate whether the statement is true or false
False
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When the government's outlays equal its tax revenues, then the budget
A) is balanced. B) could be either in surplus or deficit. C) is legal only because expenditures equal tax revenues. D) is in surplus. E) is in deficit.
The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the percentage change in price?
A) 8.2 percent B) 15.5 percent C) 10.5 percent D) 5.0 percent E) 1.0 percent
An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________
A) adverse selection B) moral hazard C) internalization of externalities D) the paradox of thrift
Of the two conflicts, __________ more severe as the firm becomes smaller
A) the shareholder-lender conflict gets B) the manager-shareholder conflict gets C) both get D) neither gets