Most economic forecasts
a. are accurate
b. are more reliable than weather forecasts
c. rely on mathematical models
d. are totally unreliable because economic changes upset outcomes
e. are based on ceteris paribus assumptions
E
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Movement along a supply curve implies
A) quantity demanded changes as the price changes. B) supply changes as the price changes. C) suppliers' plans change when the price changes. D) all of the above.
What are the reasons some people choose to be part-time workers?
What will be an ideal response?
Suppose an investment bank has a leverage ratio of 10 and the value of its securities decline by 10%. What happens to its return on equity investment?
A) declines by 1% B) increases by 1% C) declines by 100% D) increases by 100%
Which of the following is an example of a negative externality?
a. A Japanese company begins to produce cars, which causes American workers to lose their jobs. b. An employee of a chemical company spills acid on his arm, causing severe damage. c. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary. d. Sally buys coffee at McDonald's, spills some on her, and burns her arm. e. Jack attempts to fix his roof, falls off, and breaks his leg.