In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often impractical to
a. make use of theory and observation.
b. rely upon the scientific method.
c. conduct laboratory experiments.
d. find articles or books that were written before 1900.
c
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The price of the stock divided by the profits per share of stock is known as the
A) price-earnings ratio. B) dividend. C) yield in percent per year. D) number of shares traded during the day.
Failure of market outcomes can occur even when the market is functioning properly.
Answer the following statement true (T) or false (F)
Start from an initial triple intersection of the IS, LM, and FE curves. Before anything else adjusts, a shift to an expansionary monetary policy results in a(n)
A. overall balance of payments surplus. B. increase in domestic interest rates. C. decrease in domestic output. D. overall balance of payments deficit.
Technological progress is one of the mechanisms by which economies can grow.
Answer the following statement true (T) or false (F)