Which political philosophy concludes that equality of opportunities is more important than equality of outcomes?
Libertarianism
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If you think that there is a 75% chance of a stock increasing by 8% and a 25% change of it falling by 20%, what is the expected return on the stock? Report using percentages with two decimal places
What will be an ideal response?
In the short-run macro model, firms that sell more than they produce will respond by
a. reducing output b. increasing output c. reducing prices d. raising prices e. not changing production because the market will adjust on its own
How much control over price do companies in a perfectly competitive market have?
(A) Total control (B) Very little (C) Some (D) None
In a typical domestic lending boom, almost all of the amount borrowed is dedicated toward investments that bring about substantial future gains.
Answer the following statement true (T) or false (F)