When investors follow a "herd instinct," they make decisions:

A. based on the sound logic of a group, rather than the individual.
B. based on emotion, not objective information.
C. based on hearsay, not objective information.
D. as a group, inflating the prices of goods somewhat arbitrarily.


Answer: B

Economics

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Economists like Hernando de Soto feel that a ________ is the key to economic development.

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Which of the following is true?

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Economics