The most likely cause of a hyperinflation is
A) central bank incompetence.
B) the inability to finance government spending through taxation or borrowing.
C) an acute shortage of natural resources.
D) over-aggressive labor unions.
B
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According to this Application, what percentage of parts in the Ford Fiesta came from parts suppliers in the United States and Canada in 2015?
A) 90% B) 70% C) 55% D) 35%
A draft system, whether in professional sports or the military, enables the people who are hiring to avoid paying their employees
A) a living wage. B) the true value of their labor. C) what others are willing to pay them. D) what they want to be paid.
Suppose we live in an exchange economy with two goods. I own 50 of both goods, and you own 250 of both goods. My tastes are captured by the utility function 
and yours are captured by the utility function 
.
a. Calculate the competitive equilibrium price.
b. How much do each of us consume of good 1 in equilibrium?
c. Suppose the government transfers 100 units of your good 1 endowment to me. How is your answer to (a) and (b) affected? d. Suppose the government instead transfers 100 units of good 2 from you to me. How is your answer to (a) and (b) affected? e. Do you think your answers to (c) and (d) generally hold for most types of tastes -- or do you think they arise because of some specific feature of these tastes? What will be an ideal response?
Are checks money?
What will be an ideal response?