An activity that makes some people better off and nobody worse off is a
A. government transfer program such as Social Security.
B. reduction in interest rates.
C. voluntary exchange.
D. price floor that increases income to suppliers.
Answer: C
Economics
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Private investment expenditure, adds to the nation's existing stock of capital
a. True b. False
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Under what circumstances does inflation cause no harm to either lenders or borrowers?
a. When inflation equals 0. b. When inflation equals the historic mean. c. When inflation equals the inflation of the year before. d. When there is deflation. e. When the actual inflation rate equals the expected inflation rate.
Economics