China's initial economic reforms were in which sector?
A) Manufacturing
B) Infrastructure
C) Agriculture
D) Mining
C
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One reason that consumers and businesses might not act rationally is
A) they may not realize their actions are inconsistent with their goals. B) they do not always value fairness when they make choices. C) it is difficult to obtain enough information about the elasticities of demand and supply. D) consumer tastes change constantly.
Given the table above, suppose consumption in period two is $40,000. Then, the interest rate rises to five percent, and period-two consumption does not change. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
If the money supply rises by 8% and the average price level rises by 8%, then the supply and demand for real loanable funds change as follows:
a. Actually, neither real supply nor real demand changes. b. Real supply rises by 8% and real demand remains the same. c. Real demand rises by 8% and real supply remains the same. d. Real demand and supply rise by 8%. e. Real supply rises, falls, or stays the same depending on the relationship between actual and expected inflation.
Corporate concentration can be measured by
A. only the concentration ratio. B. only the Herfindahl-Hirschman index. C. both the concentration ratio and the Herfindahl-Hirschman index. D. neither the concentration ratio nor the Herfindahl index.