Which of the following is correct?
a. Inflation impedes financial markets in their role of allocating savings to alternative investments.
b. Inflation encourages savings through the tax treatment on capital gains.
c. Inflation encourages larger holdings of currency by the public.
d. Inflation reduces people's real purchasing power.
a
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Which of the following is not a condition for perfect competition to exist:
a) There are a small number of firms in the industry. b) All firms are producing the same product. c) It is easy to either enter or exit the industry. d) All of the above apply.
Price discrimination is more common in service industries because:
A. Low price buyers will find it virtually impossible to resell the products of such industries to high price buyers B. The costs of providing such industries' products to different groups of buyers vary dramatically C. The price elasticity of demand is the same for all groups of buyers in these industries D. All firms in these industries have significant monopoly power over price
What is the interaction between the Federal Reserve districts and the Board of Governors of the Federal Reserve System?
What will be an ideal response?
An example of a free good is
a. public education. b. CARE packages provided free to poor people overseas. c. the water bubbling up from the natural spring in your backyard. d. the ride you give a hitchhiker.