Making international comparisons of purchasing power is:
A. only hard when attempting to figure out the true purchasing power of the poor.
B. complicated by trying to define a "typical" consumer.
C. generally a straightforward comparison.
D. All of these statements are true.
Answer: B
Economics
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An interest rate ceiling is likely to cause
a. inflation b. optimal allocation of investment c. increased opportunities for poor people to get loans d. higher savings e. all of the above
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The best contract a principal can make with an agent gives the agent all profit after paying the principal a fixed fee
Indicate whether the statement is true or false
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