The Standard & Poor's 500 index is a broad index of the 500 largest firms from the New York Stock Exchange, the NASDAQ stock market and the American Stock Exchange.
Answer the following statement true (T) or false (F)
True
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What did Adam Smith identify as the source of the invisible hand in 1776?
A) a benevolent central government that decided was best for everyone B) an individual's concern for fellow humans C) an individual's own self-interest D) the stock market E) buyers' and suppliers' concerns to obtain and retain good reputations
If U.S. imports increase, the sum of the balance of payments accounts (the sum of the current account plus capital and financial account plus official settlements account)
A) becomes negative. B) becomes positive. C) becomes negative or positive depending on the government budget deficit or surplus. D) does not change.
Democracy is ______________ to economic growth.
A. clearly linked and is essential B. clearly linked and is not essential C. not so clearly linked, yet seems to be essential D. not so clearly linked and does not seem to be essential
Given the information in Scenario 4.3, erasers and good b, are:
A) substitutes. B) complements. C) completely unrelated. D) normal. E) inferior.