If the idea of herd instinct is true, it suggests that the:
A. efficient-market hypothesis doesn't always hold.
B. efficient-market hypothesis does, in fact, hold.
C. inefficient-market hypothesis doesn't always hold.
D. inefficient-market hypothesis does, in fact, hold.
A. efficient-market hypothesis doesn't always hold.
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The simultaneous import and export of goods in the same industry by a particular country is known as interindustry trade
a. True b. False Indicate whether the statement is true or false
If it is a cultural norm to practice an afternoon "siesta" (nap), it is likely that the labor:
A. supply in that culture would be relatively lower at any wage. B. demand in that culture would be relatively lower at any wage. C. supply in that culture would be relatively greater at any wage. D. demand in that culture would be relatively greater at any wage.
Based on the circular flow model, goods and services flow from:
A. households to businesses in product markets. B. businesses to households in product markets. C. households to businesses in factor markets. D. businesses to households in factor markets.
Discretionary funds are typically used by the Executive Branch and Congress for activist fiscal policies.
Answer the following statement true (T) or false (F)