All of the following are possible consequences of noise traders EXCEPT
A) increased volatility in the financial market.
B) asset prices differing from fundamental values.
C) herd behavior contributing to speculative bubbles.
D) reduced volatility of asset prices.
D
Economics
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Refer to Table 2-9. Japan has a comparative advantage in the production of
A) rice. B) wristwatches. C) both products. D) neither product.
Economics
Which of the following best explains why so many persons with incomes below the poverty threshold income level work very little or not at all?
a. They confront high implicit marginal tax rates. b. They do not enjoy income as much as other people. c. There are no jobs for low-skill workers. d. They often face very low explicit marginal tax rates.
Economics