Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
a. program trading
b. market limits
c. stop orders
d. circuit breakers
d
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A reduction in wage is most likely to:
A) increase worker productivity. B) increase quantity of labor supplied. C) decrease quantity demanded of labor. D) lower worker productivity.
An equilibrium is an outcome in which
a. all individuals are simultaneously optimizing. b. constraints are no longer binding. c. social gain is as large as possible. d. the wants of all agents are fully satisfied.
The budget line shift from ab to cd in the above figure is consistent with:
A) decreases in the prices of both M and N . B) an increase in the price of M and a decrease in the price of N . C) a decrease in money income. D) an increase in money income.
Assuming everything else stays the same, an increase in the price of smartphones will __________ of smartphones.
a) increase the supply b) increase the quantity supplied c) decrease the quantity supplied d) decrease the supply