According to economists, when two people make exactly the opposite decision
A) one of them is acting irrationally.
B) each person evaluates the situation according to his/her individual self-interest.
C) one of them is acting out of spite.
D) one of them should compromise.
Answer: B
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Answer the following statements true (T) or false (F)
1. All people in the non institutional population are counted as members of the labor force. 2. The labor force participation rate describes the civilian labor force as a percentage of the civilian noninstitutional population. 3. The total U.S. labor force excludes members of the armed services stationed outside the United States. 4. All college students are excluded from the U.S. labor force. 5. The increase in U.S. population during the past few years has required an increase in the number of agriculture workers to meet food requirements.
The demand curve for the shares of a company's stock slopes upward, since the higher the price of the stock, everything else remaining the same, the higher the quantity of stock demanded
a. True b. False Indicate whether the statement is true or false
A tax burden falls more heavily on the side of the market that
a. has a fewer number of participants. b. is more inelastic. c. is closer to unit elastic. d. is less inelastic.
Samantha holds stocks in four companies. If she adds stocks of several more companies she will decrease
a. firm specific risk and market risk. b. firm specific risk but not market risk. c. market risk but not firm specific risk. d. neither firm specific nor market risk.