The inflation rate is:
A. the percentage change in the overall price level.
B. the central concept in microeconomics.
C. a measure of the rate of increase in the cost of imported goods.
D. is not something that can be accurately measured with the CPI.
A. the percentage change in the overall price level.
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Rational ignorance suggests that voters will
A) be ignorant about all issues. B) be ignorant about issues that are of no special interest to them. C) pursue information on all issues before voting. D) avoid voting if they have no information.
All of the following are choices for the polluter when faced with additional costs to abate the externality EXCEPT
A) ignore the government regulations. B) install pollution abatement equipment. C) reduce the pollution-causing activity. D) pay the price to pollute.