Evidence against market efficiency includes
A) failure of technical analysis to outperform the market.
B) the random walk behavior of stock prices.
C) the inability of mutual fund managers to consistently beat the market.
D) the January effect.
D
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Which of the following would cause a change in the quantity demanded of a product?
A) a higher price B) a higher income C) expectations of future price increases D) All of the above are correct.
An optimal choice in which a consumer does not consume all types of goods
A) is a corner solution. B) cannot be an equilibrium. C) cannot exhaust the budget constraint. D) is an interior solution.
Suppose the US imposes tariffs on China, which retaliates with tariffs of its own. The ensuing trade war causes both countries to begin producing goods at higher costs than before because of the loss of comparative advantage. Assuming the IS curve does not shift, in general equilibrium, the outcome is a ________ level of output and a ________ real interest rate.
A. lower; higher B. higher; lower C. lower; lower D. higher; higher
Refer to the information provided in Table 8.4 below to answer the question(s) that follow. Table 8.4ProduceUsing TechniquesUnits of Variable KInputs L1 unit of outputA4 4?B2 6????2 units of outputA 7 6?B410????3 units of outputA 8 6?B 6 11Refer to Table 8.4. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, the marginal cost of producing the third unit of output is
A. $15. B. $20. C. $25. D. indeterminate from this information.