If automobile commuters are asked in a survey whether their city needs additional freeways, the answers will reveal
A) almost nothing about the demand for freeways.
B) only one portion of the demand for freeways.
C) the demand for freeways but from a biased grou
A
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Refer to the following graph.
The upward sloping relationship in the diagram represents the:
A. quantity adjustment curve. B. long-run aggregate supply curve. C. aggregate demand curve. D. short-run aggregate supply curve.
If you believe that stock prices follow a random walk, then probably you
a. do not believe that there is positive relationship between risk and return. b. do not believe that stock prices reflect all available information. c. believe in the validity of the efficient markets hypothesis. d. believe that it is a good idea to engage in fundamental analysis.
What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work. B. All of our jobs have been shipped overseas. C. Tax cuts on the property owners and high income citizens. D. High cost of health care.
European banks began with which of the following?
A. Monarchs were the first bankers, lending out cash to help the poor learn a craft. B. Churches were the first bankers, lending out cash to help the poor learn a craft. C. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. D. Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the hulls of their ships became valued as money.