If market participants rely only past stock prices to forecast future stock prices,
A) they will be better able to forecast future price increases than future price decreases.
B) they will be better able to forecast future price decreases than future price increases.
C) they have adaptive expectations.
D) they have rational expectations.
C
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The five most important variables that determine the level of consumption are
a. disposable income, wealth, expected future income, price level, and interest rate b. wealth, savings account balances, checking account balances, stock portfolio balances, and bond portfolio balances c. government purchases, interest rates, income, taxes, and transfers d. government purchases, saving account balances, wealth, interest rates, portfolio balances
When decisions are made by majority rule, the individual consumption-payment link is broken
a. True b. False Indicate whether the statement is true or false
When the federal government owns land resources, such as parks, that are funded by tax dollars,
a. park mangers receive full information about visitor desires simply by asking visitors. b. public park managers have the same incentives as private park managers, where visitors pay at least the actual costs of use. c. park managers devote much time and effort to satisfying congressional desires instead of visitor desires. d. park managers will be well-informed of visitor demands regardless of the funding mechanism.
A closed shop is a business enterprise in which
A) employees cannot belong to a union when they are employed, and cannot join a union and keep working there. B) employees must join the union to maintain employment. C) employees must belong to the union before they can be employed. D) employees cannot belong to the union when they are hired, but may join the union later and keep their jobs.