With regard to indentured servitude,
(a) indentured servants were typically slaves.
(b) this institutional arrangement benefited all parties entering the contract.
(c) this institutional arrangement restricted the supply of labor for the colonies.
(d) all of the above answers are correct.
(b)
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Predatory pricing
A) is extremely hard to document in the U.S. economy today. B) is most often practiced in the retailing industry. C) is not legal under U.S. law but is regularly practiced by foreign firms competing in the United States. D) is principally responsible for the decline of competition in the oil industry.
In the United States during the late 1970s, the nominal interest rates were quite high, but the real interest rates were negative. From the Fisher equation, we can conclude that expected inflation in the United States during this period was
A) irrelevant. B) low. C) negative. D) high.
Which category includes the largest number of firms?
a. sole proprietorship b. partnership c. corporation d. S-corporation e. limited partnerships
Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now:
a. $110. b. $1,000. c. $1,100. d. $1,225.