Jake can complete an oil change in 45 minutes and he can write a poem in 90 minutes. Ming-la can complete an oil change in 30 minutes and she can write a poem in 90 minutes. Jake's opportunity cost of writing a poem is lower than Ming-la's opportunity cost of writing a poem
a. True
b. False
Indicate whether the statement is true or false
True
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The theory of investment that emphasizes the role of expected growth in real GDP on investment spending is known as
A) the theory of animal spirits. B) the accelerator theory. C) real business cycle theory. D) the multiplier theory.
In the Borda-count voting method, irrelevant alternatives are never an issue
Indicate whether the statement is true or false
Which of the following is NOT true of the foreign-exchange market?
A) It is an over-the-counter market. B) Most foreign-exchange trading takes place in London. C) The busiest trading time is morning east coast time, when markets in New York and London are both open. D) Trading volume worldwide exceeds $1 trillion per day.
A broad and liquid market means that
a. stock markets list a large number of shares. b. owners can sell stock but only at a discount. c. shareholders can sell at any time at the market price d. insider trading laws are observed. e. none of the above.