Which of the following stock market increases is best explained by the notion of a bubble?
A. The U.S. stock market's growth in 2009
B. The late-1982 rally in which the DJIA doubled in 4 months
C. The Japanese stock market in the late-1980s
D. The decade of the 1980s
Answer: C
You might also like to view...
Due to a recent hurricane there is a major loss of sugarcane crops. At the same time in the U.S. consumers are eating healthier and cutting back on eating items that have sugar in them. How will this affect the price and quantity in the sugar market?
A. Price increases and quantity is indeterminate B. Quantity increases and price is indeterminate C. Quantity decreases and price is indeterminate D. Price decreases and quantity is indeterminate
In part, an antitrust laws
A) provide for strict product liability. B) prohibit charging prices that customers think are too high. C) require firms with profits to pay dividends. D) prohibit monopolistic practices.
Fast food is faster and cheaper than a similar meal you could prepare for yourself. Which of the following does not explain that fact?
a. meal preparation has been divided into many separate tasks b. larger-scale production allows the introduction of more efficient machines c. workers gain productivity at a task over time d. there is less time lost moving from one task to another e. workers are more productive when they are being paid
The crowding-out effect is likely to be greater when the
A. economy is in a serious recession. B. government is incurring surpluses, rather than deficits. C. economy is at full employment. D. the unemployment rate is rising.