More education would by itself lead to many more jobs being available
Indicate whether the statement is true or false
F
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Explain why East Asian countries have done so well relative to South American countries
What will be an ideal response?
The random walk theory implies that stock prices
a. go down, then up, and then down again. b. follow systematic trends. c. can be forecast accurately by experts who are knowledgeable about how the stock market works. d. will change as the result of unexpected factors that are virtually impossible to forecast accurately.
Figure 3.2 shows the total cost and total benefit curves for a professional guitarist. If the guitarist is currently practicing 1 hour per day, then:
A. she should practice more because net benefits would increase. B. she should practice less because net benefits would decrease. C. she should practice less because net benefits would increase. D. she should practice more because net benefits would decrease.
Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478At 2 units of output in Table 21.4, the average variable cost is
A. $12. B. $6. C. $21. D. $13.