Which of the following stock market increases is best explained by the notion of a bubble?
A. The late-1982 rally in which the DJIA doubled in 4 months
B. The U.S. stock market in the late-1920s
C. The decade of the 1980s
D. The U.S. stock market's growth in 2009
Answer: B
You might also like to view...
In 1970 the CPI was 39, and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call in 2000 dollars?
A) $1.42 B) $0.39 C) $1.72 D) $0.44 E) $0.23
In the short run, a firm will
A) not produce if its total revenue does not cover its total cost. B) produce and incur an economic loss if its total revenue covers its total variable cost but not its total cost. C) produce and break even if its total revenue covers its total fixed cost but not its total variable cost. D) produce and earn an economic profit if its total revenue is equal to its total cost.
List the four broad categories of factors of production
What will be an ideal response?
The National Labor Relations Board
a. enforces antitrust laws against unions. b. enforces workers' rights to unionize. c. acts as a union's representative in collective bargaining. d. is required to approve all collective bargaining agreements before they can be enforced.