If you believe that the inflation rate is likely to be high over the next ten years, you would want to
a. have a pension with raises indexed to the CPI if you were going to be retiring
b. obtain a variable rate mortgage
c. not obtain any fixed rate consumer loans
d. pay off all of your existing fixed rate loans
e. be a shareholder of a bank because their profits are going to increase dramatically
A
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Classify the following goods into public goods, private goods, club goods, or common resources with suitable reasons
a. Congested roads b. Education provided by a university
After browsing his cabinets to see what meals he can make, Ken is deciding whether to make nachos or spaghetti for dinner. If Ken makes spaghetti, we can conclude:
A. Ken doesn't like nachos. B. Ken prefers nachos over spaghetti. C. Ken will get more utility from making spaghetti for dinner than nachos. D. None of these is true.