When comparing the salaries of a superstar CPA and a superstar golfer,
a. both can earn tremendously high salaries because both can meet with millions of clients.
b. the superstar CPA will not earn as much as the superstar golfer because superstar accountants do not have access to the same sophisticated technologies that superstar golfers do.
c. the superstar CPA will not earn as much as the superstar golfer because a superstar accountant can only work with a limited number of clients per day, whereas millions of fans can enjoy the services provided by a superstar golfer on a given day by watching a televised tournament.
d. the superstar CPA will not earn as much as the superstar golfer because customers are unable to distinguish superstar accountant from a mediocre accountant.
c
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Suppose the actual inflation rate is less than the anticipated inflation rate. Given this information, we know with certainty that the real rate of interest
A) is negative. B) is more than the nominal rate of interest. C) equals the nominal rate of interest. D) none of the above (i.e., more information is needed to answer this question).
Sachs and Warner found a strong correlation between a(n) ______ response to trade and economic growth.
Fill in the blank(s) with the appropriate word(s).