Which of the following does not explain why the aggregate demand curve is negatively sloped?
a. misperception effect
b. open economy effect
c. real wealth effect
d. interest rate effect
a
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As the definition of products narrows (i.e., becomes more specific), the concentration ratio
A) is not valid. B) tends to decrease. C) tends to increase. D) does not change in any predictable manner.
The following is an example of risk aversion
a. those applying for a well-paid job tend to be unqualified b. more reckless drivers opt for cars with fewer safety devices c. the contractor with the lowest bid for a is the most qualified d. Initial Public Offerings (IPOs) seek investors when prospects look good
Pooling individuals allow insurance companies to _______ risk from a societal point of view.
A. increase B. decrease C. do nothing regarding D. none of these answer options are correct.
The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:
A. buying long. B. selling short. C. a tariff. D. arbitrage.