Economists disagree as to whether
a. the stock price of a company should reflect the company's expected profitability.
b. the basic tools of finance reflect valid ideas.
c. stock prices reflect rational estimates of a company's true worth.
d. there is any relationship between stock market fluctuations and fluctuations in the economy more broadly.
c
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If automobile commuters are asked in a survey whether their city needs additional freeways, the answers will reveal
A) almost nothing about the demand for freeways. B) only one portion of the demand for freeways. C) the demand for freeways but from a biased grou
Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can produce a maximum of eight pies or two cakes in a day. Ethel has an comparative advantage in the production of
A) cakes. B) pies. C) both cakes and pies. D) neither cakes nor pies.