"Circuit breaker" rules halt trading when the Dow declines below its previous day's closing value by a percentage amount, for:
a. one hour
b. two hours
c. the remainder of the trading day
d. any of these
d
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Which of the following is an example of a price floor?
A) a law passed in a city to lower apartment rents by setting the maximum price that can be charged for rent B) an equilibrium price C) a minimum wage law D) a law setting the highest price that can legally be charged for a gallon of gasoline. E) None of the above answers give examples of a price floor.
If crop dusting on your farm causes your neighbors to have sore throats, then crop dusting is creating
A) only explicit costs. B) opportunity costs. C) external costs. D) internal costs.
Conditional cash transfer programs are programs in which:
A. financial support is given only to people who engage in certain actions. B. financial support is given only to people who have paid into the program for a minimum amount of time. C. financial support is given only to people who agree to pay it back at reduced interest to the government in the future. D. None of these is true.
Which is NOT an example of inelastic supply?
A. Tickets to a sold-out concert B. Bottled water C. Hotel rooms in a city during a convention D. Golf courses in a county