Among the losers from inflation are
a. savers and borrowers
b. landlords and the government
c. borrowers and the government
d. those on a fixed income and borrowers
e. those on a fixed income and savers
E
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Scarcity is a situation in which ________
A) some people are poor and others are rich B) something is being wasted C) we are unable to satisfy all our wants D) long lines form at gas stations
The difference between a firm's revenue and its operating expenses is the firm's operating income
Indicate whether the statement is true or false
If the government wants to close a GDP gap, it should:
a. borrow funds from the public by issuing bonds. b. lower taxes and raise government spending. c. lower government spending on social security. d. raise both direct and indirect tax rates. e. adopt contractionary fiscal policies to control inflation.
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case