What best describes westward movement of population between 1800-1860?
a. The 1850s was the decade when the largest number of people moved to the west.
b. The large increase in and sales in this period was based on speculation.
c. Migrants moved to the west because they were "pushed" out of the east, where conditions were getting worse.
d. Corn prices were relatively low in the decades when migration to the west was largest.
a. The 1850s was the decade when the largest number of people moved to the West.
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Historically, investment in stocks have been a prudent investment
A. because stock prices have stayed roughly constant over time. B. because stock prices have generally risen over time. C. because stocks no longer carry any underlying risk. D. because stocks can easily be converted to corporate bonds.
Given an equal amount of users, if the firm can only set one price, how should the firm price the no-name brand wok?
a. Price low and sell to both the users b. Price high and sell only to the professional chefs c. Price low and sell only to the home users d. All of the above
When quantity demanded is equal to quantity supplied, we are at ___________.
Fill in the blank(s) with the appropriate word(s).
A risk-neutral consumer
A. will always refuse a fair gamble. B. avoids all risks. C. will always accept a fair gamble. D. is indifferent between accepting and refusing a fair gamble.