Prices in resource markets
a. provide users with information concerning the relative scarcity of resources.
b. encourage the use of a resource now if its price is expected to rise in the future.
c. provide suppliers with little incentive to develop more of those resources that are intensely demanded by users.
d. have little impact on productive decisions unless they are closely regulated by the government.
A
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With two-part pricing
A) the consumer puts down a deposit and then pays the rest when she picks up the goods purchased. B) the average price paid varies with the number of units purchased. C) the consumer is limited in the number of units that can be purchased. D) consumers are required to buy two units of a good.
In cost-benefit analysis, there is no problem created by inflation.
A. True B. False C. Uncertain
Bankers must always trade off
A. honesty and dishonesty. B. stocks and loans. C. prudence and profits. D. gold and cash. E. All of these responses are correct.
There must always be a balance of a nation's:
A. goods exports and gold imports. B. total international payments. C. imports and exports of goods and services. D. net transfers and net investment income.