A speculator is someone who
a. buys a good for immediate consumption
b. buys a good for a low price, hoping to sell it in the future for a higher price
c. buys a good for one price and hopes to sell it for a lower price in the future
d. sells a good for a lower price than its original purchase price
e. sells all of his or her merchandise and then exits the market
B
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All differences in wages that are not accounted for by differences in human-capital investment are likely to be a result of discrimination
a. True b. False Indicate whether the statement is true or false
Research by Eric Hanushek and others suggests that increasing the number or quality of teachers will
A. foment unrest among unionized teachers and school administrators. B. increase student test scores by ever-increasing amounts. C. reduce student test scores. D. increase student test scores by ever-decreasing amounts.
Define profit
Why are international investors who have invested in developing nations favoring foreign direct investment and portfolio investment over loans?
A. It is illegal for banks to make loans to foreign firms. B. The process of making loans is usually more difficult for investors to do than foreign direct and portfolio investment. C. Investors have an aversion to owning dead capital and want to make sure that the resources they own do not become dead capital. D. The interest rate charged on the loans is usually lower than what can be earned in the U.S.