When people shop more frequently and transfer money out of their bank account more often in an effort to help avoid the loss in purchasing power of cash, they bear the _____ costs of inflation

Suppose the estimated fixed cost of Christmas trees business is $7,000 and not sunk. The estimated variable cost for each tree is $20

According to the forecast, the market price for Christmas trees is $25 each and the owner could sell 1000 trees at most each year. In the long run, the owner A) should shut down. B) should keep operating. C) should sell less. D) None of the above.

Suppose that Jamal is moving to a state where personal incomes are distributed randomly. If Jamal believes in liberalism, he would prefer

a. an income distribution that is relatively equal. b. that everyone has the same work opportunities and market-determined wage rates. c. that private property be transformed to government property to safeguard people's incomes. d. less economic assistance to the poor because it distorts the price system.