Consumers need information to make good choices. Which of the following is correct regarding this information?
a. Advertising is always harmful to consumers.
b. Information is scarce and therefore valuable.
c. Brand names offer no informational content.
d. Acquiring more information is always rational.
e. Marginal analysis does not apply to the acquisition of information.
B
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The CPI was 225 in 2008 and 232.2 in 2009. The nominal interest rate during this period was 1.4 percent. What was the real interest rate during this period?
A) 3.2 percent B) 1.8 percent C) 4.6 percent D) -3.2 percent E) -1.8 percent
When a country imposes capital controls, it is controlling the
A) amount of money flowing in or out of the country. B) amount of reserves that banks must hold. C) portion of bank deposits that must be held at its central bank. D) portion of bank deposits that must be used for loans to the government.