Select the statement that LEAST reflects organized labor's real contribution in the safety movement.
Ans: Organized labor:
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According to the efficient markets hypothesis, the difference between today's price for a share of stock and tomorrow's price is
A) predictable given currently available information. B) equal to today's price minus yesterday's price. C) unforecastable. D) zero.
Excess reserves equal
A) total reserves less required reserves. B) required reserves less total reserves. C) total reserves plus required reserves. D) required reserves divided by total reserves.
While waiting in line to buy one cheeseburger for $1.50 and a medium drink for $1.00, Sally notices that she could get a value meal that contains both the cheeseburger and medium drink and also a medium order of fries for $2.75 . She thinks to herself, "Is it worth the extra 25 cents to get the medium fries?" To an economist, Sally's decision is an example of:
a. marginal analysis. b. basing decisions on total, rather than marginal, value. c. an unintended consequence. d. the fallacy of composition.
In order for effective price discrimination to occur, a seller must
a. be a pure monopolist. b. have large economies of scale and control over a key natural resource. c. face a horizontal demand curve for its product. d. have at least two distinguishable groups of consumers.