Over the long run, stock prices have
A. generally fallen.
B. generally stayed roughly constant.
C. generally risen.
D. shown no identifiable pattern of change.
Answer: C
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To encourage economic development a country should do all of the following EXCEPT
A) establish a system of property rights. B) allow creative destruction to run its course. C) limit the amount of imports allowed into the country. D) invest in human capital.
The majority of economists favor open capital flows
Indicate whether the statement is true or false
Solow's theory of economic growth concludes, "the possibility of steady growth would be a miraculous stroke of luck" because
A) the three "determinants," s, (Y/K) and n are caused by different unrelated behavior. B) s reflects temporal consumption preferences. C) d reflects unrelated depreciation. D) n reflects birth control decisions.
Price ceilings cause
a. Some suppliers to drop out of the market b. A decrease in the total production in the market c. The creation of black markets d. All the above