Total losses of the Fortune 500 companies in 2008 were _____ times the losses incurred in 2006.
A. 3.
B. 6.
C. 10.
D. 14.
C. 10.
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Every Giffen good is a necessity but not every interior good is a necessity.
Answer the following statement true (T) or false (F)
The optimal decision rule is less than unanimity
a. True b. False
When there is an external benefit, the unregulated market
A) overproduces the good or service. B) underproduces the good or service. C) reaches the most efficient solution. D) maximizes public welfare.
Which of the following statements about "inside information" is FALSE?
A) It is information that is not available to the general public. B) It is illegal to knowingly use inside information when trading stocks. C) Profits can be made using inside information. D) The government never imposes fines or other penalties for abuse of inside information.