Why is inflation considered a problem?
a. Firms gain too much economic power.
b. It is always very high when it exists.
c. People prefer falling prices.
d. It is costly for society.
e. Government gains too much economic power..
D
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Everything else held constant, would an increase in volatility of stock prices have any impact on the demand for rare coins? Why or why not?
What will be an ideal response?
Which of the following is not a not-for-profit institution?
a. Columbia Broadcasting System (CBS) b. American Red Cross c. Salvation Army d. a public library e. a typical college or university
Economic regulation of business is justified if, by intervening, government can
a. improve the allocation of resources in society b. create economic rents for special interest groups c. reduce output and increase prices for an industry d. increase tax revenue from the regulated industry e. force firms to increase their costs of production
The ability of a country to invest in capital goods is tied to _____
a. its ability to save b. the size of its labor force c. its abundance of natural resources d. the quality of its labor force e. the level of inflation