People should buy bonds when they think that interest rates are as high as they will go
Indicate whether the statement is true or false
True
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People often make economic decisions they later regret, which shows
A) they failed to acquire additional information up to the point where expected marginal benefit equals expected marginal cost. B) they failed to behave rationally. C) they failed to invest as much as they ought to have invested in information. D) none of the above.
Assume a simple economy without a government and that saving and borrowing behavior is never observed. Then the value of
A) production is equal to income. B) expenditures is less than the value of production. C) production is less than the value of expenditures. D) production is less than income.
The gross domestic product (GDP) excludes: a. the increase in inventories during a given period
b. the expenditures by government for newly produced goods and services during a given period. c. the value of intermediate goods produced in an economy during a given period. d. the value of final output during a given period. e. household expenditure on durable goods.
Sometimes the only information that is available with the employers when they hire someone is information that may be imperfectly related to productivity in general and may not apply to a particular person at all
a. True b. False Indicate whether the statement is true or false