Methods of rent seeking include which of the following? I. Buying a monopoly II. Creating a monopoly III. Price discrimination

When a country abandons no-trade policies in favor of free-trade policies and becomes an importer of steel, then the domestic price of steel will increase as a result

a. True b. False Indicate whether the statement is true or false

Zero inflation

a. might be dangerous because it could lead to rapidly increasing prices. b. would limit the flexibility of the labor market and so could at times raise unemployment. c. would make it easy for the Central bank to create negative real interest rates. d. is impossible to achieve in the real world.