Individual investors who always want to hold gold are known as:
A) goldfinger
B) golden boys
C) gold bugs
D) goldilocks
C
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As increasing amounts of a good are produced, the marginal cost of production tends to
a. rise. b. fall. c. remain constant. d. change unpredictably.
Refer to Table 14-4. What is the Nash equilibrium in this game?
A) Alistair increases its advertising budget, but Baine does not. B) There is no Nash equilibrium. C) Both Alistair and Baine increase their advertising budgets. D) Baine increases its advertising budget, but Alistair does not.
Attempts to shield the poor from the worst results of adjustment programs involve
a. expenditure-switching policy b. absorption c. a social safety net d. conditionality e. all of the above
A total product curve shows the
A. aggregate output of many firms in an industry. B. amount of product consumers will take off the market. C. maximum amount of product that it is technically possible to produce. D. relationship between units of inputs and total output.