The purpose of COLAs is to protect
A. borrowers.
B. lenders.
C. workers.
D. businesses.
Answer: C
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A best practices frontier can be used to describe short and long term strategies
Indicate whether the statement is true or false
Price controls would ordinarily be used to increase rather than decrease prices of depletable resources
a. True b. False Indicate whether the statement is true or false
If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
a. yield a profitable rate of return. b. are most heavily subsidized by the government. c. result in the production of the largest possible output regardless of value to consumers. d. reduce the value of resources and retard wealth accumulation.
Suppose that when the price of good X changes from $5 to $10, the demand for good Y changes from 110 to 100, then the cross-elasticity of demand is:
A. 1.44 and the goods are substitutes. B. -0.143 and the goods are complements. C. -0.09 and the goods are complements. D. 1.44 and the goods are complements.