Which of the following is true?
a. Investment in the stock market is a relatively foolproof method for an investor to earn a high rate of return during the next five years.
b. Current stock prices already reflect information that is known with a high degree of certainty.
c. Experts are able to predict changes in the direction of the broad stock market indexes with a high degree of accuracy.
d. While changes in the prices of specific stocks are difficult to predict, it is relatively easy to predict the future direction of the broad stock market.
e. Both c and d are true.
B
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Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy (an economy with no government and no international trade). All figures are in billions of dollars.Disposable IncomeConsumption$10,000$12,00018,00018,00026,00024,00034,00030,00042,00036,00050,00042,000If disposable income is $42,000, then saving is
A. $4,000. B. $2,000. C. $6,000. D. $0.
In order to increase society's total welfarer, a production process that produces a negative externality should be
a. taxed b. provided by the government c. ignored d. subsidized e. exported
Which of the following is least associated with union jobs and contracts?
A. high-skilled workers B. both private and public sectors jobs C. jobs in industries that are controlled by just a few firms D. a large population of black workers E. a large population of immigrant workers
With respect to wealth in the United States, we presently find that the bottom 90 percent of Americans own approximately how much of the nation's wealth?
A) 10 percent B) 25 percent C) 64 percent D) 84 percent