Economies that adopt more open trade policies have often historically enjoyed faster economic growth rates as a result. This is an example of what kind of statement?
A. Marginal
B. Normative
C. Positive
D. Biased
C. Positive
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Overall, professional securities analysts have a 75 percent success rate in predicting winning stocks.
Answer the following statement true (T) or false (F)
Economists have long pondered the reasons why people hold money. Some reasons seem to be more important than others. Perhaps not among the most important but still a reason why people hold money is for emergency purposes (the idea of having money available for that "rainy day"). Economist refer to that demand for money as
a. precautionary b. emergency c. speculative d. transactions e. temporary
It is generally agreed that a major advantage of the competitive price system is the achievement of greater efficiency.
Answer the following statement true (T) or false (F)
The intercept of the Security Market Line at any point in time is determined primarily by:
A. the prime interest rate. B. Federal Reserve monetary policy. C. the average beta of the market. D. investor tolerance of risk.