Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced.
B. overallocation of resources.
C. an impossible production point.
D. technological advancement.
Answer: A
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Suppose that research shows that by buying stocks issued by companies whose names begin with the letter G investors can earn above-normal returns in even-numbered years. From the perspective of the efficient markets hypothesis,
A) this is further evidence that the hypothesis is correct. B) this would be considered a pricing anomaly. C) investors must have insider information on these companies. D) purchasers of these stocks must have been noise traders.
Cartels are difficult to operate for which of the following reasons?
a) The work only if members keep to their agreed output b) they are illegal worldwide c) Firms in a cartel are likely to lose money d) The products are perfectly competitive
When there is a shortage of a product in an unregulated market, there is a tendency for
A. quantity supplied to decrease. B. price to fall. C. quantity demanded to increase. D. price to rise.
An increase in the supply of money will shift the aggregate demand curve to the right.
a. true b. false