A market will be efficient even if there is imperfect information as long as the market is competitive.
Answer the following statement true (T) or false (F)
False
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In deciding whether to study for an economics quiz or go to a movie, one is confronted by the idea(s) of
A. scarcity and opportunity costs. B. complementary economic goals. C. full production. D. money and real capital.
Payments by a corporation to its shareholders are known as
A) dividends. B) coupons. C) stocks. D) bonds.
An investor will generally find that hiring an investment firm to actively manage his or her portfolio will
A) result in a higher return than would be received from an index mutual fund. B) be less expensive than simply placing money in an index mutual fund. C) result in a higher return, but will be more expensive than placing money in an index mutual fund. D) result in about the same return, but be more expensive than placing money in an index mutual fund.
Diamonds are nature's hardest substance. Classify each of the following diamonds as land, labor, capital, entrepreneurship, or none of the above. Explain your choice.
a . an unmined diamond b. a diamond in DeBeers' vault (DeBeers is the world's biggest diamond mining company.) c. a diamond in a jeweler's display case at the shopping mall d. a diamond on your or your fiancée's finger e. an industrial-grade diamond in your dentist's drill f. the diamonds in the blade that the highway department uses to cut concrete