The law of one price does not hold for
A) agricultural goods.
B) tradeable goods.
C) differentiated goods.
D) goods whose production causes pollution.
C
Economics
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An optimal allocation of resources is one which is:
a. unfair. b. fair. c. efficient. d. inefficient.
Economics
Proponents of rational expectations theory argued that, in the most extreme case, if policymakers are credibly committed to reducing inflation and rational people understand that commitment and quickly lower their inflation expectations, the sacrifice ratio could be as small as
a. 0. b. 1. c. 4. d. 5.
Economics