The most prestigious stock market in the world is the
A. New York Stock Exchange.
B. London Stock Exchange.
C. Tokyo Stock Exchange.
D. Chicago Mercantile Exchange.
Answer: A
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Problems are most likely to arise when:
A. complete information is impossible to obtain. B. people have good enough information to make acceptable choices. C. one person knows more than another. D. both parties lack the same information.
Among countries with per capita Gross national income in 2006 of less than $2,000,
A. high-income households tend to account for a larger share of aggregate consumption. B. agriculture tends to produce a smaller share of GDP. C. the consumer price inflation rate tends to be lower. D. all of the options are correct.
Which of the following is a question answered with positive economic analysis?
A. Should the college reduce tuition for out-of-state residents? B. Should the college charge higher tuition for part-time students? C. If the college increased its eligibility requirements for enrollment, will class sizes decline? D. Should the college eliminate its athletic program to cut its costs?
Many people buy no more than one iPad because:
A. There's always a shortage of iPads B. The MU/P of a second iPad is quite low for many people C. The price of iPads has increased significantly D. iPads have quickly become obsolete