The “cost disease of personal services” phenomenon helps explain why medical care has become so expensive.

A factor of production that can be used in any sector of an economy is a(an)

A) mobile factor. B) specific factor. C) variable factor. D) import-competing factor. E) export-competing factor.

Evidence against market efficiency includes

A) failure of technical analysis to outperform the market. B) the random walk behavior of stock prices. C) the inability of mutual fund managers to consistently beat the market. D) the January effect.