The efficient markets hypothesis says that beating the market consistently is
a. impossible. Many studies find that beating the market is, at best, extremely difficult.
b. impossible. Many studies find that beating the market is relatively easy.
c. relatively easy. Many studies find that beating the market is, at best, extremely difficult.
d. relatively easy. Many studies find that beating the market is relatively easy.
a
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The ________ measures the change in the demand of a good due to a percentage change in the consumer's income
A) substitution effect of a price change B) income effect of a price change C) cross-price elasticity of demand D) income elasticity of demand
Examples of assets that are included in household wealth would be
A) stocks, credit cards, and savings accounts. B) stocks, bonds, and savings accounts. C) stocks, bonds, and mortgages. D) stocks, loans owed, and savings accounts.
The Ogallala aquifer is a large underground pool of fresh water under several western states in the United States. Any farmer with land above the aquifer can at present pump water out of it. Which of the following statements about the aquifer is correct?
a. The aquifer is a public good which must be publicly owned to be used efficiently. b. The aquifer is a private good which must be privately owned to be used efficiently. c. The aquifer is a common resource which will be overused if no one owns it. d. The aquifer is a club good which should be left as it is.
Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment
a. and wages of dental hygienists in the eastern region would rise. b. of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall. c. and wages of dental hygienists in the eastern region would fall. d. of dental hygienists in the eastern region would fall, but wages of dental hygienists in the eastern region would rise.