The principal difference between conventional accounting and economic analysis of inflation is that
a. accountants adjust nominal values for inflation.
b. accountants adjust real values for inflation.
c. economists adjust nominal values for inflation.
d. economists adjust real values for inflation.
c
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Mutual funds, pension plans, and life insurance policies:
A. are all forms of savings. B. differ regarding when you can have access to the asset's worth. C. all entrust a professional to decide which financial assets are the best for the saver to hold. D. All of these are true.
Which of the following statements is true?
A. If Switzerland imposes a "voluntary export restraint" on chocolate exports to the United States, the price of chocolate in the United States is likely to decrease. B. If the United States imposes a tariff on Swiss chocolate imports, the price of chocolate in the Switzerland is likely to increase. C. If the United States imposes a quota on Swiss chocolate imports, the price of chocolate in the United States is likely to increase. D. all of the above