People:
A. always have enough information to make acceptable choices.
B. always have access to complete information.
C. never have access to complete information.
D. often have good enough information to make acceptable choices.
Answer: D
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Refer to the above figure. Profits will equal zero
A) when the price equals $1. B) when the price equals $2. C) when the price equals $4. D) at prices between $1 and $2.
When a researcher evaluates the probability of an event by looking at how representative the sample is of the population of interest instead of the entire population, he is using:
a. an elimination heuristic. b. an availability heuristic. c. a representative heuristic. d. a recognition heuristic.
An arbitrageur is someone who:
A. simultaneously buys and sells financial instruments to benefit from temporary price differences. B. seeks the high returns that come from the high risk inherent in futures markets. C. always takes the short position in a futures contract. D. always takes the long position in a futures contract.
In what way does nationalism tend to be a hindering force in attaining modern economic growth and development, and in what way a facilitating force?
What will be an ideal response?