Proponents of zero inflation argue that reducing inflation has
a. permanent costs and temporary benefits.
b. temporary costs and permanent benefits.
c. permanent costs and benefits.
d. temporary costs and benefits.
b
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Eddys' Electronics found that instead of producing a dvd player and a gaming system separately, it is cheaper to incorporate dvd playing capabilities in their new version of the gaming system. Eddy's is taking advantage of
a. Economies of Scale b. Learning curve c. Economies of Scope d. Decreasing marginal costs
Zipco's economic profit is equal to its
a. total revenue minus accounting profit b. total revenue minus explicit costs c. total revenue plus accounting profit d. total revenue plus opportunity costs e. accounting profit minus implicit costs
After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased sharply. In a market economy, how will this increase in demand affect the equilibrium price and quantity of bottled water?
a. Price will increase, and quantity will decrease. b. Price will decrease, and quantity will decrease. c. Price will decrease, and quantity will increase. d. Price will increase, and quantity will increase.
The Social Security payroll tax tends to be regressive
a. True b. False Indicate whether the statement is true or false