The Dow-Jones Industrial Average index is all of the following except
A. an index based on 30 actively traded large companies on the New York Stock Exchange.
B. representative of the U.S. economy.
C. the oldest U.S. stock index.
D. the most widely followed U.S. stock index.
Answer: B
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When workers and employers correctly anticipate the rate of inflation
A) there will be no unemployment. B) there will be only involuntary unemployment. C) unemployment will be at the natural rate. D) workers will underestimate the real wage.
A decrease in the price of a firm's output will shift the firm's demand curve for labor to the right, other things being equal
a. True b. False Indicate whether the statement is true or false
Suppose that firms in a monopolistically competitive industry are earning positive economic profits. In this situation, you would expect
A. the number of firms in the market to increase. B. each firm will experience an increase in its demand. C. there is a downward shift in the firm’s average cost curve. D. to observe firms reducing their advertising.
A lawyer's ability to understand a client's legal situation and his professional norms may improve the outcome of a negotiation with another attorney, relative to the outcome if the client bargained for herself
Indicate whether the statement is true or false