As a Business Owner,you Find That Your Resource Prices Are

question 171

Multiple Choice

As a business owner,you find that your resource prices are increasing often.Because these costs are rising,you find it necessary to change your prices frequently.This best describes

• A) future price uncertainty.
• B) menu costs.
• C) money illusion.
• D) hyperinflation.
• E) a price confusion problem.

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Definitions:

Contras in Nicaragua

Nicaraguan rebel groups that opposed the Sandinista government in the 1980s, receiving support from the United States government.

Foreign Affairs

Government policies and activities related to interactions with other countries, including diplomacy, trade agreements, and conflict resolution.

Iran-Contra

A political scandal in the United States during the Reagan Administration involving the secret sale of arms to Iran and the illicit diversion of the proceeds to fund Contra rebel groups in Nicaragua.

Arms-For-Hostages

Refers to the clandestine arrangement of trading arms for the release of hostages, notably associated with the Iran-Contra affair in the 1980s under the Reagan administration.