Retired individuals:
a. Are always harmed by inflation.
b. Are almost always helped by inflation.
c. Could be helped (or, at least, not hurt) by inflation if their assets rise in value.
d. Are helped by inflation when it is unexpected.
e. Are harmed by inflation when it is expected.
.C
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Suppose that a pure monopoly calculates that at its present output level, marginal revenue is $1 and marginal cost is $2. The monopoly could maximize profits or minimize losses by ________.
A. increasing price and decreasing output B. increasing price and increasing output C. leaving price unchanged and decreasing output D. decreasing price and leaving output unchanged
Refer to Scenario 17.4. Moral hazard would be eliminated in this situation if
A) the insurer would always charge $5000. B) the insurer would always charge $10,000. C) the insurer could costlessly monitor whether a flood control system is in place, and adjust the premium upward if it is not. D) the insurer could costlessly monitor whether a flood control system is in place, and adjust the premium downward if it is not. E) the flood did not occur.
The four P's are
a. Price, Product, Psychological, Promotion b. Price, Placement, Psychological, Promotion c. Price, Product, Placement, Promotion d. Price, Product, Psychological, Placement
The U.S. Secretary of the Treasury met with the Japanese Finance Minister to discuss possible cuts in the Japanese discount rate. The likely outcome of currency speculation in response to this news is that
a. the dollar will depreciate. b. the dollar will appreciate. c. the yen will appreciate. d. both the dollar and yen will appreciate.