Older Americans living on a pension and therefore on a fixed income, tend to be made
a. better off when prices rise.
b. better off when the inflation rate rises.
c. worse off when prices rise.
d. worse off when prices fall.
C
Economics
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Refer to the above figure. Corn is an input for producing Corn Flakes. Which diagram shows the effect on the supply of Corn Flakes when the price of corn has increased?
A) graph C B) graph D C) neither graph D) both graphs
Economics
Joan Petty, a human resource manager, offers Billy Self $2,750 per month as an inventory manager. She is willing to offer $750 more per month, but Billy does not have that information and walks away from the job offer. This is an example of a
A. bargaining failure. B. bargaining success. C. market in transition. D. market at work.
Economics