Predictions of stock prices by stock market analysts
A. usually improve on simple extrapolation of past trends.
B. are good both in the short term and in the long term.
C. are poor since Wall Street does not pay enough to attract the best analysts.
D. are poor because of randomness.
Answer: D
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The Bureau of Labor Statistics has taken several steps to reduce the bias in the consumer price index. Which of the following is not one of the steps taken to reduce the bias?
A) updating the market basket every two years, rather than every 10 years B) using statistical methods to reduce the size of the quality bias C) conducting a point-of-purchase survey to track where consumers actually make their purchases D) incorporating substitutions by consumers when prices of specific products rise rapidly
Which of the following raises the economic freedom of a country?
a. Limited international movement of productive resources b. Higher taxes c. Red-tapism and bureaucracy d. Reduction of trade barriers like tariffs and quotas e. Reduction of government subsidies on gasoline
The mortgage crisis started to come to a head
A) when the Federal Reserve started to raise interest rates. B) when government deficit started to grow at increasing rates. C) when the Federal Reserve passed a law aimed at getting every American to own their own home. D) a. and b. are true
______ has taken on some negative political connotations because more international trade and more immigration inevitably creates some losers as well as many winners.
A. Globalization B. Protectionism C. Competition D. None of the above is correct.