The process of taking advantage of market inefficiencies to earn profits is called:
A. futures contracting.
B. arbitrage.
C. technical analysis.
D. a random walk.
Answer: B
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If smartwatches are considered substitutes for smartphones, the increase in the price of smartwatches would, all else equal,
A) increase the demand for smartphones. B) decrease the demand for smartphones. C) decrease the quantity of smartphones demanded. D) increase the quantity of smartphones demanded.
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in wealth, she will use ________ for consumption each year
A) $10.00 B) $25.00 C) $100 D) $333
What is the result when real planned saving exceeds real planned investment spending?
A) The economy is in equilibrium. B) There is unplanned accumulation of business inventories. C) There is unplanned depletion of business inventories. D) Employment expands.
If the positive effect of a greater quantity demanded more than offsets the negative effect of a lower price, then total revenue rises
Indicate whether the statement is true or false