Listening to a political ad or an ad for a new product usually requires:
a. Critical listening
b. Intellect
c. Emotions
d. An extroverted personality
A
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According to the Economic Freedom of the World measure, the United States was
a. the freest economy in the world during 1980-2000. b. the third freest economy in the world, behind only Hong Kong and Singapore during 1980-2000. c. less free than Australia and Canada throughout the 1980-2000 era. d. less free than the large economies of Western Europe throughout the 1980-2000 era.
In 1936, John Maynard Keynes published a book, The General Theory, which attempted to explain
a. stagflation. b. the classical dichotomy. c. short-run economic fluctuations. d. how changes in the money supply had created the Great Depression.
Which of the following would allow the production possibilities curve for an economy to shift outward?
What will be an ideal response?
The Russian wheat crop fails, driving up wheat prices in the U.S. This is an example of:
A. idiosyncratic risk. B. quantifiable risk. C. diversification. D. systematic risk.