How does the text distinguish between the market and government?
A) The market is based on competition; the government is based on cooperation.
B) The market is based on prices; the government is based on policies.
C) The market is based on individualism; the government is based on socialism.
D) In all of the above ways.
E) In none of the above ways.
E
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A rise in stock prices leads to ________
A) an increase in income B) an increase in Tobin's q C) a decrease in Tobin's q D) a decrease in income
States with no-fault automobile insurance have lower crash fatality rates than states with ordinary automobile insurance
Indicate whether the statement is true or false
We know that industrial countries tend to trade with other industrial countries. This pattern counters the:
a. preference theory of comparative advantage. b. factor abundance theory of comparative advantage. c. concept of intraindustry trade. d. product life cycle theory of comparative advantage. e. human skills theory of comparative advantage.
The difference between standard deviation and value at risk is:
A. standard deviation reflects the spread of possible outcomes where value at risk focuses on the value of the worst outcome. B. value at risk is expected value times the standard deviation. C. value at risk is a more common measure in financial circles than is standard deviation. D. nothing, they are two names for the same thing.