In the economic way of thinking, countries are poor because they lack
A) money.
B) access to the New York Stock Exchange.
C) foreign aid.
D) productive knowledge and ideas.
E) effective minimum wage legislation.
D
Economics
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Newspaper reports about good news in the economy are often followed by declines in stock and bond prices because
a. the Fed reacts in anticipation of the news to prevent speculation b. financial markets are often irrational c. financial markets prefer recessions to spending shocks d. stock and bond holders fear the Fed's reaction to possible overheating e. newspapers may be confused about the performance of financial markets
Economics
One way to deal with the efficiency problem of monopolies is to tax the profits of monopolists.
Answer the following statement true (T) or false (F)
Economics