President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would
a. have no questions but hundreds of answers.
b. have 100 questions and 3,000 answers.
c. have 1,000 questions but no answers.
d. never produce a winner.
b
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Dolly the sheep made headlines in 1997 because she was the first mammal cloned from the cell of another adult mammal. This technique may eventually allow farmers to clone whole herds of healthy animals. a . Explain what effect a successful sheep cloning
program could have on the market for lamb. b. Explain what effect a successful sheep cloning program could have on the markets for beef and chicken, assuming that cattle and chicken cannot be cloned.
In a market economy, what provides potential investors with reliable information about the financial performance of a firm?
A. contracts B. insurance C. patents D. accounting rules