The process of steady increase in the quantity and quality of goods and services the economy can produce is called:
A. aggregation.
B. production.
C. globalization.
D. economic growth.
Answer: D
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In the context of portfolio diversification,
A) investors are compensated for diversifiable risk in the portfolio. B) prudent investors should hold about three to five stocks in their portfolio. C) a stock index mutual fund is a financial intermediary that offers small investors a way to participate in the performance of the stock market as a whole. D) financial intermediaries make it more difficult to be diversified.
The single most important observation of the book is the causal significance of aggregate demand policies for the incidence of poverty
Indicate whether the statement is true or false
People leave their home country and go to another country to live primarily because they seek a higher quality of life
a. True b. False Indicate whether the statement is true or false
In an effort to lose weight, Sam posts flyers all over town that offer a reward of $50 to anyone who catches him eating unhealthy food. Sam's flyers are an example of:
A. price-optimization theory. B. a way to deal with inconsistent costs. C. the law of supply. D. a commitment device.