If the price index last year was 100 and today it is 167, what is ...

[sabina]

If the price index last year was 100 and today it is 167, what is the inflation rate over this period?
 
  A) 33 percent B) -67 percent C) -6.7 percent D) 167 percent E) 67 percent

Question 2

If there is no scarcity,
 
  A) choices are no longer rational.
  B) all marginal benefits would equal zero.
  C) the opportunity cost of an action would be greater than its sunk cost.
  D) marginal cost of an action is greater than its marginal benefit.
  E) an action would have zero opportunity cost.

[fur]

Answer to Question 1

E

Answer to Question 2

E