If inflation is completely anticipated
A) borrowers lose in the economy. B) firms lose because they incur menu costs.
C) lenders lose in the economy. D) no one loses in the economy.
B
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GDP underestimates our economic well-being:
a. for of all the following reasons. b. because it includes the value of work done by nannies. c. because it ignores leisure. d. because it includes the value of work done by householders. e. because it includes the value of work done by illegal immigrants.
Foreign aid usually consists of funds loaned at high interest rates
a. True b. False Indicate whether the statement is true or false
Economists might be willing to accept a policy that adversely affected distribution of income if it
a. lessened income disparities. b. diminished labor productivity by a large amount. c. increased productivity by a large amount. d. were favorable to the rich.
All of the following are major greenhouse gases (GHGs), EXCEPT
a. carbon dioxide (CO2) b. methane (CH4) c. nitrous oxide (N2O) d. volatile organic compounds (VOCs)