The government uses the buying power of wages in reporting changes in "nominal wages" in the economy

Indicate whether the statement is true or false

FALSE

Economics

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Purchasing power parity means equal rates of return

Indicate whether the statement is true or false

Economics

Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumer's choice?

A) A (5 Beers, 5 Pizzas) B) B (0 Beers, 25 Pizzas) C) C (25 Beers, 15 Pizzas) D) None of the above bundles will be chosen.

Economics