One criticism of the present-aim standard of rationality is that it:
A. assumes that people's goals are a choice variable.
B. can be used to "explain" virtually any bizarre behavior.
C. cannot explain why people do things that are not in their narrow self-interest.
D. only accounts for a narrow range of observed behavior.
Answer: B
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The Great Depression is thought to have been prolonged and made deeper by
A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.
In the short run, if a firm produces nothing, total costs are zero
a. True b. False Indicate whether the statement is true or false
Other things the same, as the stocks of a greater number of corporations are held in a portfolio,
a. risk increases at an increasing rate. b. risk increases at a decreasing rate. c. risk decreases at an increasing rate. d. risk decreases at a decreasing rate.
Which of the following countries fell victim to contagion during the Asian financial crisis?
A. Malaysia, South Korea, and Taiwan B. Indonesia, Malaysia, and the Philippines C. Malaysia, the Philippines, and Taiwan D. All of these countries were hurt during the crisis.