If the efficient-market hypothesis is true, then the idea of:
A. herd instinct holds.
B. herd instinct doesn't always hold.
C. tulip mania holds.
D. tulip mania doesn't always hold.
B. herd instinct doesn't always hold.
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At a carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $35 to play, we would expect to see
a. A long line of players waiting to play b. No players for the game c. The carnival losing money per play d. Both A&C
Firms will continue to enter a perfectly competitive industry until
A. the supply curve is vertical. B. the supply curve is meaningless. C. any excess returns have been competed away. D. all resources are fully employed.
Deflation is a great economic problem because...
What will be an ideal response?
Refer to the below table and information. What is the marginal revenue product of the fifth worker?
Refer to the above table and information. What is the marginal revenue product of the fifth worker?
A. $6
B. $7
C. $8
D. $9