Indexing Social Security payments is done using the:
A. CPI.
B. PPI.
C. GDP deflator.
D. RPI.
A. CPI.
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In a perfectly competitive market, firms in the long run earn zero economic profits. Why?
What will be an ideal response?
When money supply __________, the real rate of interest __________
A) increases; falls B) increases; rises C) decreases; rises D) increases; remains unchanged
Which group of countries benefits most from trade?
a. low-income countries b. low- and medium-income countries c. high-income countries d. medium- and high-income countries
Corey is having difficulty deciding between two dishwashers, A and B. As shown in the accompanying diagram, A makes more noise than B, but is cheaper. Ideally, Corey would like a dishwasher that is both quiet and inexpensive.
If Corey behaves like most decision-makers, then the addition of option C would:
A. increase his likelihood of picking B. B. decrease his likelihood of buying a dishwasher. C. increase his likelihood of picking A. D. have no impact on his choice of A and B.