An increase in the value of an asset, such as a stock, is called
A. Interest.
B. A dividend.
C. A capital gain.
D. Profit.
Answer: C
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As foreign investors began to sell off investments they had made in Thailand, they traded in their baht for dollars. The result of this was
A) pressure for the value of the baht to rise. B) an increase in the equilibrium value of the baht. C) pressure for the value of the baht to decline. D) a decrease in the supply of the baht in foreign exchange markets.
An increase in real per capita income will generally lead to
a. a cleaner environment and more time for recreation. b. a reduction in life expectancy because working conditions are less desirable. c. an increase in the number of hours worked by residents. d. an increase in real GDP that is less rapid than the increase in population
An observational study provides a biased estimate of the true effect of a treatment on a medical outcome because:
a. it is difficult to find a control group that is equivalent to the treatment group. b. the treatment and control groups are randomly selected. c. the treatment group and the control group are too similar. d. no one wants to serve as a guinea pig for randomized trials. e. everyone wants to be in the treatment group
Prices ration goods to
A. the richest people. B. the people with the lowest opportunity cost of time. C. the people willing and able to pay the highest price. D. the people who most deserve it.