Budget deficits inevitably lead to inflation in
A) nations that are unable to borrow from the public.
B) small nations.
C) nations that can easily borrow from the public.
D) budget deficits have no effect on inflation.
A
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For a monopsonist, the marginal factor cost is always:
a. equal to the wage rate. b. less than the wage rate. c. greater than the wage rate d. the same as the labor supply. e. the same as the labor demand.
A firm's total profit is the difference between its sales and what it pays out in costs
a. True b. False Indicate whether the statement is true or false
Any rule that is used to make a choice is
A) positive-sum game. B) zero-sum game. C) strategy. D) negative-sum game.
If a country allows its currency's value to be determined in the market for foreign exchange, it has a:
A. fixed exchange rate. B. floating exchange rate. C. prime exchange rate. D. key exchange rate.