Which of these inflation rates can be considered a sign of a healthy economy?
a. An inflation rate between 10?20 percent
b. An inflation rate between 2?4 percent
c. An inflation rate between 40–50 percent
d. An inflation rate between 100–200 percent
b
You might also like to view...
Becca Lynn Stanton is a product manager whose compensation is 100% variable pay and based on the profits earned by her product line. Since she is risk-averse, she tends to favor production proposals that increase her income and status, but she is leery of production proposals that are likely to increase profits if implemented successfully and are equally likely to decrease profits if these are not implemented properly. What would it take to get her to consider a new production system?
What will be an ideal response?
After eating four slices of pizza, you are offered a fifth slice for free. You turn down the fifth slice. Your refusal indicates that the
A. marginal benefit for the fifth pizza slice is less than its marginal cost. B. marginal benefit for the fourth pizza slice is negative. C. total benefit for the fifth pizza slice is negative. D. marginal benefit for the fourth slice is the largest among all slices.
The key characteristic of oligopoly markets is "interdependence among firms." This means that: a. the demand curve faced by each firm is perfectly elastic
b. each firm produces a product identical to its rivals. c. each firm must consider how its decisions will affect its competitors. d. firms will be able to earn above-normal profits in the long run.
If marginal cost of an additional unit of output is greater than average cost, then average cost will rise
a. True b. False Indicate whether the statement is true or false