If the price of rocket fuel imported from Russia and used by NASA suddenly increases, then the U.S. CPI will ________ and the U.S. GDP deflator will ________
A) increase; not change
B) increase; increase by more than the CPI
C) not change; increase
D) increase; increase
E) not change; not change
E
Economics
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Utilitarianism is inconsistent with _____
a. the social welfare function b. cost-benefit analysis c. the Pareto criteria d. slavery
Economics
If all the return to a resource is economic rent, we know that
A) the price of the resource is below its opportunity cost. B) the price of the resource equals its opportunity cost. C) the price of the resource is above its opportunity cost. D) the resource has no opportunity cost.
Economics