Efficient markets theory suggests that purchasing the published reports of financial analysts
A. is not likely to increase financial returns.
B. is likely to increase one's returns by an average of 5 percent.
C. will increase financial returns in the first year but not in following years.
D. is likely to increase one's returns by an average of about 3 to 5 percent.
Answer: A
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Which of the following are examples of voluntary risks?
a. driving an automobile d. (a) and (b) only b. smoking cigarettes e. all of the above c. being struck by lightning
The above figure shows the market for bicycles. When there is a physical fitness craze so that everyone wants to exercise the
A) demand curve for bicycles shifts from D1 to D2. B) demand curve for bicycles shifts from D2 to D1. C) demand curve and the supply curve of bicycles do not shift. D) supply curve of bicycles shifts from S1 to S2.
Could pollution be eliminated by banning all activities harmful to the environment?
A) No, because legislation is influenced by industrial lobbyists. B) No, because the cost of doing so would be higher than even the most dedicated environmentalist would agree to accept. C) Not until we have better information on the sources of pollution. D) Yes, if we are willing to place long-run considerations ahead of short-run profits.
When the price level falls the quantity of
a. consumption goods demanded rises, while the quantity of net exports demanded falls. b. consumption goods demanded and the quantity of net exports demanded both rise. c. consumption goods demanded and the quantity of net exports demanded both fall. d. consumption goods demanded falls, while the quantity of net exports demand rises.