Which of the following statements is not true?
a. Because the quantity of Bitcoins is capped at about 21 million in 2040 it is practically impossible for the currency to ever be a significant threat to large nations, like the United States and Japan, whose money supplies are measured in the trillions of dollars and yen.
b. Bitcoins can be bought, traded, and earned by solving a time-consuming computer algorithm.
c. Bitcoins are becoming more widely accepted by real-world merchants.
d. None of the statements above is false. They are all true.
.A
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Rational ignorance
A) refers to attempts by special interests to use government action to make themselves better off at the expense of others. B) explains the Arrow impossibility theorem. C) helps to explain why rent seeking by special interest groups occurs. D) explains why consumers ignore sunk costs when they vote.
GDP is not a perfect measure of well-being because
A) the value of leisure is included in GDP. B) GDP is adjusted for increases in drug addiction. C) GDP is not adjusted for pollution. D) GDP is adjusted for changes in crime rates.
Which of the following approaches to investing does not rely on fundamental analysis to choose the stocks in your portfolio?
a. Choosing stocks based on research and analysis you do yourself b. Relying on advice from Wall Street analysts c. Buying shares of an actively managed mutual fund d. Buying shares of an index fund that purchases all stocks in a particular stock index
The price level is:
A. the percentage change in a price index such as the CPI. B. the rate of inflation. C. a measure of overall prices at a particular point in time. D. the price of a specific good in comparison to the prices of other goods and services.