Deflation
a. is bad for lenders
b. is good for borrowers
c. is high inflation
d. alone could boost people's real incomes
e. explains why personal bankruptcies decline
D
Economics
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The Herfindahl-Hirschman Index approaches ________ when a market consists of a large number of firms of relatively equal size
A) one B) zero C) 100 D) 500
Economics
Gomer decides to spend an hour playing basketball rather than studying. His opportunity cost is:
a. nothing, because he enjoys playing basketball more than studying. b. the increase in skill he obtains from playing basketball for that hour. c. the benefit to his grades from studying for an hour. d. nothing, because he had a free pass into the sports complex to play basketball.
Economics