If more people think a corporation's stock is overvalued than think it is undervalued then there is a
a. surplus, so its price will rise.
b. surplus, so its price will fall.
c. shortage, so its price will rise.
d. shortage, so its price will fall.
b
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In the above table, the marginal product of the 7th worker is 6. What is the total product when 7 workers are employed?
A) 68 B) 70 C) 72 D) 76
Which of the following does not lessen intergovernmental competition?
a. direct intergovernmental grants b. direct regulations c. the decline in school districts d. decline in local tax receipts
Richard receives government transfer payments and currently consumes five guns and six goose livers. Assume the price of guns decreases by 10% and the price of goose liver increases by 20%
The government raises Richard's transfer payments so he can still afford five guns and six goose livers. Does this constitute a true cost-of-living adjustment? A) No. Richard is overcompensated. B) No. Richard is undercompensated. C) Yes. The payment just achieves the right level of compensation. D) Not enough information.
During Prohibition the consumption of alcohol _____ and the crime rate _______
a. fell; fell b. fell; increased c. increased; fell d. increased; increased