Robert Lucas argues that there are ________ returns to human capital, and these productivity increases are not completely captured by individuals as they decide how much education to purchase
As a result, the market produces ________ education and training.
A) increasing; too little B) increasing; too much
C) decreasing; too little D) decreasing; too much
A
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According to the efficient markets theory of stock prices, who are the primary beneficiaries of a sudden rise in demand for a firm's stock?
a. the consumers of the firm's products b. the current shareholders at the time of the rise in demand c. the investors who buy the firm's stock shortly after the rise in demand d. the investors who sell their shares just before the rise in demand e. the investors who have been carefully watching stock price patterns
A firm will generally believe that if it increases its spending on R&D its competitors will not follow, but if it decreases its spending they will follow
a. True b. False Indicate whether the statement is true or false