The term “satisficing” for decision-making behavior by many firms was coined by
A. Milton Friedman.
B. Adam Smith.
C. Herbert Simon.
D. Alan Greenspan.
Answer: C
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Which of the following is not a type of portfolio investment?
(a) Investment in stocks. (b) Multinational corporation investment. (c) Investment in commercial paper. (d) All are types of portfolio investment. (e) None are types of portfolio investment.
Scarcity and shortages differ in that
A) scarcity is caused by natural disasters and shortages are caused by mistakes people make. B) scarcity is a condition of human life while shortages are usually temporary phenomena related to an imbalance between the amount desired and the amount produced. C) scarcity is a type of shortage but shortage is a broader concept. D) shortages apply to resource markets while scarcity applies to product markets.
When people forget that money is ________ they often make ________ decisions.
A. liquid; rational B. liquid; irrational C. fungible; irrational D. fungible; liquid
As the rate of interest on borrowed funds increases, the quantity of investment funds demanded diminishes.
Answer the following statement true (T) or false (F)