Which of the following statements is true?
A) Proximate causes of prosperity are shaped by fundamental causes of prosperity.
B) Proximate causes of prosperity are effective only in the short run.
C) Fundamental causes of prosperity are effective only in the short run.
D) Fundamental causes of prosperity are shaped by proximate causes of prosperity.
A
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Which of the following is the most important of the over-the-counter markets?
A) the S&P 500 B) the Chicago Mercantile Exchange C) New York Stock Exchange D) the NASDAQ
Throughout the 1980s, accounting departments in U.S. universities were unable to fill many available faculty positions. This fact suggests that the salaries offered by these departments
a. suffered from the cost disease of the service sector. b. were below the market price for qualified accountants. c. created externalities. d. failed to reflect productivity growth in teaching.
Over the next few years the number of buyers in the market for sport utility vehicles decreases sharply. As a result, Question 2 options:
A. there is a movement downward along the demand curve for sport utility vehicles. B. the demand curve for sport utility vehicles shifts leftward. C. the demand curve for sport utility vehicles shifts rightward. D. there is neither a shift nor a movement along the demand curve for sport utility vehicles.
The budget deficit/surplus projections for 2003 that were made in 2000 were wrong, because there was an
A. anticipated increase in immigration. B. anticipated increase in defense spending. C. unanticipated increase in interest rates. D. unanticipated recession.