An Article in a Recent Economics Periodical Asks the Question

question 130

Multiple Choice

An article in a recent economics periodical asks the question: "Is low inflation worth it?
" By "it," the article probably means

• A)the loss of comparative advantage.
• B)enduring externalities.
• C)unemployment.
• D)repealing the law of supply and demand.
• E)the opportunity cost of higher interest rates.

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Definitions:

Retirement

The period in someone's life when they choose to permanently leave the workforce behind, often supported by pensions or savings.

Corporate Human Capital

The collective skills, knowledge, and experience possessed by an organization's workforce.

Local Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to the local community or economy.

Meganational Companies

Refers to large corporations that operate in several countries around the world, often influencing local economies and cultures.