Figure 18.3Refer to Figure 18.3. In autarky, the maximum amount of scooters that Livonia can produce is:
A. 120.
B. 100.
C. 80.
D. 40.
Answer: C
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Suppose an economics forecaster discovers that on days when the sunspot count is high stock market on the following day is bullish, that is stock market prices edge upwards
In addition, he also observes that on days with a low sunspot count the following day the stock market tends to be bearish, that is stock market prices tend to fall. The forecaster then concludes that there is a positive relationship between the sunspot count and stock market prices and proceeds to base his investment decisions on this premise. What kind of an error has this forecaster made?
A borrower who takes out a loan usually has better information about the potential returns and risk of the investment projects he plans to undertake than does the lender. This inequality of information is called
A) moral hazard. B) asymmetric information. C) noncollateralized risk. D) adverse selection.
Which of the following are the most frequently utilized tools of fiscal policy in the United States?
a. Indirect business taxes b. Corporate income taxes c. Inheritance taxes d. Personal income taxes
In the traditional view, stocks are ____ than bonds to the firm that issues them and ____ than bonds to the investor who purchases them
a. less risky; less risky b. less risky; riskier c. riskier; less risky d. riskier; riskier