Wal-mart
(a) is the railroad of the late nineteenth century.
(b) provides an example of how one large business enterprise still can
seize market power to restrict entry and exit.
(c) holds monopoly power in retail.
(d) exists at the expense of consumers.
(a)
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The Fisher equation implies ________
A) the nominal interest rate equals the real rate of inflation plus expected inflation B) the real interest rate equals expected inflation C) expected inflation equals current inflation D) the rate of inflation equals the real minus the nominal rates of interest E) none of the above
An example of something that might be sold in the underground economy is:
A. lawn-mowing services. B. endangered animals. C. baby-sitting services. D. All of these could be exchanged in the underground economy.