If a team from the NFC wins the Superbowl, we can accurately predict
a. the stock market will end the year higher than it started.
b. the stock market will end the year lower than it started.
c. the stock market will rise, then fall, and end the year unchanged.
d. nothing about future stock prices.
d
You might also like to view...
One potential implication of the use of fiscal policy is crowding out
What will be an ideal response?
Firms in an economy with high capital costs have an incentive to use more ________ techniques.
A. capital-dependent B. labor-saving C. capital-intensive D. labor-intensive
Lily has $10 to spend each week on fish and chicken. Fish costs $2 a serving and chicken costs $3 a serving. The table shows Lily's marginal utilities of fish and chicken. Lily will consume ________ servings of chicken and ________ of fish each week
A) 4; 0 B) 1; 3 C) 0; 5 D) 2; 2
The town of Harmonia gives away all 500 tickets to its annual Founder's Day Free Concert-in-the-Park to local residents
Each year, more than 500 people wish to attend the concert, so some of the residents who receive the free tickets sell them for as much as $75 each. Is a transaction where someone pays a resident $75 for a "free ticket" economically efficient? A) Yes, it was a voluntary exchange that benefited both parties. B) No, the buyer paid too much for the ticket. C) No, people should never be allowed to sell items they received for free. D) Yes, but it is efficient only from the perspective of the seller and not from the perspective of the buyer.