A period of time against which costs of the market basket in other periods will be compared in computing a price index is called
A. the inflation period.
B. the market basket.
C. the adjustment period.
D. the base period.
Ans: D. the base period.
Economics
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Suppose Johnny Stroller sells 12, 25, and 75 year-old scotch in under black, red, and blue labels. Suppose the storage costs are zero and the initial production costs are the same. What is the implied (approximate) interest rate if black sells for $12, red for $16 and blue for $44
a. 2 b. 5 c. 8 d. 10
Economics
What is meant by the term "internalizing an externality"? How does a Pigovian tax or subsidy internalize an externality?
What will be an ideal response?
Economics