The PIH and LCH theories ________ the case for activism, while the procyclical behavior of consumer spending for durable goods ________ the case for activism
A) supports; supports
B) supports; does not support
C) do not support; does not support
D) do not support; supports
D
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Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 9 yuan, the price of this airplane to China Airlines is
A) 855 million yuan. B) 85.5 million yuan. C) 11.11 million yuan. D) 10.6 million yuan.
Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities. B) Private cost do not include externalities. C) Social costs are never smaller than private costs. D) All of the above.
Collusion is designed to limit competition in a market
Indicate whether the statement is true or false
What is the difference between a hypothesis and a theory?