What caused a major economic shock in August 2007?
A) U.S. mortgage market
B) war in Iraq
C) U.S. bond market
D) technology stocks
E) misreporting from Asian markets
A
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The economist that gave us the proposition that "supply creates its own demand" was
a. Adam Smith b. Jean Baptiste Say c. Marc Lieberman d. John Maynard Keynes e. Robert Hall
Fred, a poor college student, states: "I eat tuna sandwiches five times a week. When I graduate and get a real job, I will never purchase tuna again." Is Fred planning on breaking the law of demand?
Which of the following is true of the agricultural sector in developing countries??
What will be an ideal response?
If insurance is fairly priced, a risk-averse individual will purchase enough insurance to cover the full amount of the possible loss
What will be an ideal response?