When people make choices that (at the time and with the information they have at their disposal) give them the greatest amount of satisfaction, they are said to be:
a. behaving irrationally.
b. applying econometric models to their everyday behavior.
c. living under a communist dictator.
d. acting in their own self-interest.
e. showing no willingness to plan for the future.
d
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Factors that decrease the demand for bonds include
A) an increase in the volatility of stock prices. B) a decrease in the expected returns on stocks. C) a decrease in the inflation rate. D) a decrease in the riskiness of stocks.
Refer to the diagram showing the domestic demand and supply curves for a specific standardized product in a particular nation. If the world price of this product is $1, this nation will:
A. export all of the product.
B. import all of the product.
C. import some of the product and produce some of the product domestically.
D. neither export nor import the product.