Debtors gain and creditors lose when
A) the anticipated rate of inflation is greater than the actual rate of inflation.
B) the anticipated rate of inflation is less than the actual rate of inflation.
C) the anticipated rate of inflation is the same as the unanticipated rate of inflation.
D) the unanticipated rate of inflation is zero.
B
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An argument against free trade is that it might endanger national security
Indicate whether the statement is true or false
Suppose an individual knows that the marginal utility he receives from the next apple is 5 and that the price of an apple is $2 . He also knows that the marginal utility he receives from the next orange is 3 and the price of an orange is $1 . If the individual is choosing optimally, the next good he will buy is a. an orange because the marginal utility per dollar spent on an orange is
greater. b. an orange because the marginal utility of the orange is greater. c. an apple because the marginal utility per dollar spent on an apple is greater. d. an apple because the marginal utility of the apple is greater.