The price of gold should be ________ to the expected inflation rate

With regard to the question "What were the lives of those who died in the Civil War (1861–1865) worth?" Hughes and Cain (2011) conclude that

(a) there is no way to answer this question because people have infinite worth. (b) an estimate can be made by calculating the value of the loss of "human capital." (c) the worth was close to zero because of the surplus of population that existed at the time. (d) the worth of Northern lives lost was greater because the Northerners were fighting against the evils of slavery.

When price and marginal cost are equal for a perfectly competitive firm, the firm is

A) minimizing average total cost. B) maximizing total revenue. C) maximizing economic profit. D) earning negative economic profit.