A country that is printing $100,000,000,000,000 bills probably has what problem?
a. too many rich and successful people
b. inflation
c. market failure
d. fixed incomes
Answer: b. inflation
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In the U.S., the ________ is a law to keep markets open and competitive
A) Sherman act B) Samuelson act C) Monopoly act D) pro-competition act
Some recent developments in financial research focus on ways to make portfolio allocations and other investment decisions in ways that largely ignore the possible gains but protect against large losses
These tools are designed to reflect ________ behavior among investors. A) risk neutral B) substitution C) loss aversion D) anchoring
If the marginal factor cost is less than labor demand, a monopsonist should
A. Hire fewer workers. B. Reduce the wage rate. C. Hire additional workers. D. Increase the wage rate.
Which of the following best expresses the law of demand?
a. An increase in price results from an increase in demand for a good of limited supply. b. The increase in the quantity of a good available when its price increases. c. A decrease in price can be expected as more units of a product are demanded. d. The inverse relationship between the price of a good and the quantity demanded.