An investor who sees through irrational optimism of a market could:
A. earn a profit by betting against what everyone else is doing.
B. follow the lead of what most are doing, and earn consistent profits.
C. earn a profit by being a "leader" among the "herd."
D. be overwhelmed by market optimism and simply do what everyone else is doing.
A. earn a profit by betting against what everyone else is doing.
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For a firm that can effectively price discriminate, who will be charged a lower price?
A) buyers that are members of the smallest market segment B) customers who have an elastic demand for the product C) buyers that are members of the largest market segment D) customers who have an inelastic demand for the product
According to Fred Bateman and Thomas Weiss, in terms of industrial capacity in 1860, value added in manufacturing was close to _____ in the North, and _____ in the South
a. $500 million; $500 million b. $750 million; $500 million c. $1 billion; $400 million d. $1.6 billion; $193 million
Aggregate demand shifts to the left if the money supply increases
a. True b. False Indicate whether the statement is true or false
Which country has experience the highest GDP growth in recent years?
A. China B. USA C. Russia D. Greece