Older Americans living on a pension and therefore on a fixed income, tend to be made
What will be an ideal response?
worse off when prices rise
You might also like to view...
The difference between a good and a service is that
a. a good helps satisfy unlimited wants; a service does not b. a service helps satisfy unlimited wants; a good does not c. a services is available in unlimited quantities; a good is not d. a good is available in unlimited quantities; a service is not e. a good is tangible; a service is not
The idea of insurance
a. would not appeal to a risk-averse person. b. is, other things the same, to reduce the probability of a fire, accident, or death. c. is to share risk. d. is to provide a sure thing, not a gamble.
According to the text, technological advances such as e-mail and VoIP have increased the appeal of international trade because it is now easy and inexpensive to manage customer needs and communicate with customers frequently.
a. true b. false
In Macroland, potential output equals $100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 3 percent, then real GDP equals:
A. $97 trillion. B. $98 trillion. C. $102 trillion. D. $101 trillion.