Inflation is undesirable because it:
A. distorts the information value of prices.
B. always makes the nation poorer.
C. redistributes income from those who can raise prices to those who cannot.
D. makes everyone worse off.
Answer: A
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Tax revenues are transferred from
A) state governments to the federal government. B) local governments to state and federal governments. C) one state government to other state governments. D) the federal government to state and local governments. E) the state and local governments to the federal government.
Unlike those enrolled in a PPO, patients in an HMO can generally opt for nonparticipating physicians
a. True b. False Indicate whether the statement is true or false
What is the value of a newly issued 10-year bond with face value of $10,000 and no coupon payments? Assume the interest rate is 7 percent (0.07) per year
a. $0 b. $5,083.49 c. $10,000 d. $95,632.41 e. $100,000.00
The benefit to buyers of participating in a market is measured by
a. consumer surplus. b. producer surplus. c. total surplus. d. deadweight loss.