Financial capital is highly volatile, and technological advances have reinforced this volatility

Indicate whether the statement is true or false


TRUE

Economics

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If the economy is already at its potential output, then the spending multiplier is: a. zero in the long run

b. infinite in the long run. c. equal to 1 in the long run. d. zero in the short run. e. equal to 1 in the short run.

Economics

In what geographic areas would the traditional economy most likely be found?

a. parts of Asia, Africa, and South America b. Cuba and North Korea c. Europe and the United States d. China and Russia

Economics

Monopolistic competition is an

a. inefficient market structure because there is deadweight loss. b. inefficient market structure because price exceeds marginal cost. c. efficient market structure because free entry drives long-run profits to zero. d. Both a and b are correct.

Economics

The ultimatum game reveals that

a. it does not make sense to try to maximize profits. b. people may have an innate sense of fairness that economic theory does not capture. c. offering someone a wildly unfair outcome is usually ok since people tend to make decisions using a "something is better than nothing" philosophy. d. Both a and b.

Economics