Because all of his friends stopped exclusively wearing black clothes, Doug wears anything but black clothes. This is known as
A) a negative sum game.
B) collusion.
C) positive market feedback.
D) negative market feedback.
D
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Gross national product is defined as
A) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States. B) the value of final goods and services produced within the United States, by United States residents. C) the value of final goods and services produced outside of the United States. D) the value of final goods and services produced within the United States.
Which of the following explains why mortgages weren't considered securities prior to 1970?
A) The Federal Reserve Act of 1913 prohibited mortgages from being considered securities. An amendment to the Act was approved in 1970 that allowed mortgages to be considered securities. B) Prior to 1970, mortgages were rarely resold in the secondary market. C) Until 1970, the average annual increase in housing prices did not allow the buying and selling of mortgages to be profitable. There has been a significant annual increase in housing prices and mortgage values since 1970. D) Congress passed a law in 1970 stipulating that mortgages could be classified as securities.
According to the text, there is no such thing as a free lunch because
A. No one would pay for lunch anymore if they could get it for free. B. The producer must charge something to cover the cost of production. C. Resources used to produce the lunch could be used to produce other goods and services. D. The government must raise taxes to pay for the lunches.
When increases in the supply of an agricultural product are much greater than the increases in demand for it over time, then the price:
A. And quantity of agricultural products will increase B. And quantity of agricultural products will decrease C. Of agricultural products will increase, but the quantity will decrease D. Of agricultural products will decrease, but the quantity will increase