If the nominal interest rate is higher than the real interest rate, then inflation must be:
A. zero.
B. higher than the nominal rate of interest.
C. positive.
D. negative.
C. positive.
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A commodity is ____ if it is used up when someone consumes it.
A. marginal B. scalable C. depletable D. replaceable
Which is most clearly a variable cost?
A. Rent B. Wages of Production Workers C. Salaries of employees under long-term contract D. Interest payments
Explain the difference between poverty in the United States and poverty in the rest of the world.
What will be an ideal response?
Which of the following events would NOT cause India to shift away from exporting call center services to the United States?
A. The development of automated software that handles a large fraction of customer questions and sales orders B. An increase in the number of Chinese who speak English well C. An increase in the value of the dollar against the rupee D. An increase in the other employment opportunities available to English-speaking college graduates in India