A European option can only be exercised on the final day, the expiration date
Indicate whether the statement is true or false
TRUE
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Excise taxes are distortionary taxes.
A. True B. False C. Uncertain
What is the best definition of “inflationary bias” in this context?
Read the following passage and then answer the question that follows. Since 1995, the Bureau of Labor Statistics (BLS) has been eliminating or reducing biases in the Consumer Price Index (CPI). Many economists believe that the BLS improvements have cut inflationary bias in half, and it is now estimated to be less than 1 percentage point per year. a. the tendency to believe that inflation is beneficial to the economy b. the tendency to promote policies that cause a positive inflation rate c. the tendency to overstate the rate of inflation d. the tendency of the members of an economy to push prices up
Refer to the accompanying figure.
Suppose Zeynep's budget constraint is initially given by BC1. If her budget constraint shifts to BC2, this could be the result of:
A. a decrease in the price of cheese sandwiches and an increase in the price of ham sandwiches. B. a decrease in the price of cheese sandwiches and an increase in income. C. an increase in the price of cheese sandwiches and a decrease in income. D. an increase in the price of cheese sandwiches and a decrease in the price of ham sandwiches.
Which of the following is most likely to be a monopolistically competitive firm?
A) smartphone manufacturer B) cellphone service provider C) college textbook publisher D) computer software maker