The increase in stock prices in 2009 and 2010 was
A. the result of an elaborate conspiracy by greedy manipulators to ruin the Big Three automakers.
B. a consequence of the rebound of those years.
C. largely due to the sharply increased uncertainty regarding the strategically-critical financial sector.
D. totally irrational and unjustified by any fundamental determinants of stock values.
Answer: B
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In a market economy, which of the following is most important if one is going to achieve high earnings?
a. willingness to do hard physical work. b. providing goods and/or services that others value highly. c. performing an important social function, like teaching. d. having a membership in a labor union.
Which of the following indicates an input is being overused relative to the optimal level?
A. MRP = P of input. B. MRP > P of input. C. MRP < P of input. D. MPP > P of output.