Among economists today, the most widely accepted cause of the Great Depression is:
A. poor economic policymaking.
B. globalization.
C. wild stock market speculation on Wall Street.
D. Adolf Hitler's election as Chancellor of Germany.
Answer: A
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Technological progress has made it possible for firms such as Apple and Alivecor to develop small electronic devices, including smartwatches, smartphones, and products that can be attached to the smartwatches and smartphones, to serve consumers who
have become more health conscious and wish to monitor various health conditions. These firms are reacting to which of the three key economic ideas? A) people are rational B) people respond to economic incentives C) firms attempt to maximize revenues D) optimal decisions are made at the margin
Exhibit 36-2 Stock High Low Close Net chg. Dasher 17.25 16.75 17.00 (A) Dancer 34.85 34.25 (B) +0.25 Prancer 56.50 55.90 56.00 (C) Vixen 65.90 (D) 64.75 -0.75 Refer to Exhibit 36-2. If the closing price of Dancer's stock on the previous day was $34.25, what value goes in blank (B)?
A. 34.85 B. 34.00 C. 34.75 D. 34.50 E. There is not enough information given to answer this question.
Making a loan is generally:
A. less risky and more potentially rewarding than buying stock. B. more risky and less potentially rewarding than buying stock. C. less risky and less potentially rewarding than buying stock. D. more risky and more potentially rewarding than buying stock.
When the price of oysters decreases 25%, quantity demanded increases 10%. The price elasticity of demand for oysters is ________ and total revenue from oyster sales will ________.
A. inelastic; decrease B. elastic; decrease C. inelastic; increase D. elastic; increase