Suppose that the price of cornflakes is $6.75 per box and the price of oatmeal is $4.50 per box. Both boxes contain the same number of ounces of cereal. The relative price of cornflakes in terms of oatmeal is

The tariff imposed to punish a foreign discriminating monopolist is called:

a. antidumping duty. b. a subsidy. c. punitive damages. d. a fine.

The store of value does not require that money hold its value of time in terms of its purchasing power

Indicate whether the statement is true or false