If the price of an asset is rising rapidly due to unrealistic expectations about further price growth, then an investor who purchases the asset will ________ a great deal of money.
A. always make
B. never make
C. always lose
D. sometimes make
Answer: D
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If the maintenance fees for a lighthouse are paid in full each year by charging port fees, then the lighthouse is: a. rivalrous and excludable
b. non-rivalrous and excludable. c. rivalrous and non-excludable. d. non-rivalrous and non-excludable.
In the short run, nonprice rationing will happen whenever there is excess demand in a market.
Answer the following statement true (T) or false (F)
An example of ________ is a power plant generating water pollution.
A. a public good B. a negative production externality C. a positive production externality D. the free-rider problem
If there is a small surplus in the combined current account plus capital and financial account for a certain year, then to make the two accounts balance there will be:
A. An increase in the exchange rate B. A decrease in the exchange rate C. An increase in official reserve holdings D. A decrease in official reserve holdings