A Ponzi scheme can only succeed if the investors in the scheme believe that something is preventing:
A. Diversification
B. Arbitrage
C. Pooling
D. Risk premium
B. Arbitrage
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Globalization is defined as the process of countries becoming ________ open to foreign trade and ________ open to foreign investment
A) more; more B) more; less C) less; less D) less; more
The sales revenue a seller receives from the sale of an additional unit of goods is called the marginal benefit
Indicate whether the statement is true or false
The average food stamp payment in 2010 was?
A. $150 B. $435 C. $0 D. $287
If a firm offers to pay a worker $10 for each hour of leisure the worker gives up, the $10 implies the:
A. marginal rate of transformation between leisure and income. B. marginal rate of substitution between leisure and income. C. market rate of substitution between leisure and income. D. market rate of transformation between leisure and income.