Which of the following best describes a "bubble"?
A) when the price of an asset reaches a new high
B) an unsustainable increase in the price of a class of assets
C) rapid increases in inflation
D) when bond prices rise more quickly than stock prices
B
You might also like to view...
Use the following production possibilities tables to answer the next question. Numbers for autos and chemicals are in millions.Germany's Production Possibilities ABCDEFAutos048121620Chemicals4032241680United States' Production Possibilities ABCDEFAutos03691215Chemicals60483624120If Germany and the United States engage in trade, the mutually beneficial terms of trade will be between
A. 2 and 4 units of autos for 1 unit of chemicals. B. 3 and 4 units of autos for 1 unit of chemicals. C. 2 and 4 units of chemicals for 1 unit of autos. D. 0.33 and 0.5 units of autos for 1 unit of chemicals.
Economists believe that people who sit through bad music concerts likely do so because:
A. they do not ignore the sunk cost involved. B. they undervalue the opportunity cost of their time. C. they don't accurately consider what else they could be doing with their time. D. All of these are true.
A production possibilities curve shows the various combinations of two outputs that: a. consumers would like to consume. b. producers would like to produce
c. an economy can produce. d. an economy should produce.
____ is one in which exactly the amount one competitor gains must be lost by other competitors.
A. Nash equilibrium B. Prisoner’s dilemma C. A win-win situation D. A zero-sum game