When investors follow a "herd instinct," they:
A. invest in something as a group, making it appear more valuable than it is.
B. make decisions as a group, inflating the prices of goods somewhat arbitrarily.
C. invest in something simply because everyone else is doing it.
D. only makes decisions as a group, making it hard to determine individual behavior.
C. invest in something simply because everyone else is doing it.
You might also like to view...
We can express the per-worker production function as a function of only per-worker capital thanks to
A) the decreasing marginal return of capital. B) the decreasing marginal return of labor. C) the constant returns to scale. D) the impatience of households.
Exchange rates vis-a-vis the U.S. dollar have changed little over time
a. True b. False Indicate whether the statement is true or false
Jai Li just lost her job, and she hasn't yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as
A) unemployed and in the labor force B) unemployed, but not in the labor force C) in the labor force, but not unemployed D) neither in the labor force nor unemployed
A perfectly competitive firm will hire labor as long as the marginal revenue product of labor is
A. zero. B. less than the going wage. C. greater than the going wage. D. equal to the going wage.