If $30 is paid for a share of stock and the earning per share is $3, how long will it take for the firm's earnings to add up to the purchase price?
a. 30 years
b. 3 years
c. 27 years
d. 10 years
e. 90 years
d
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If a British automobile sells for £20,000 and the British pound is worth $1.50, then the dollar price of the automobile is
A) $1.60. B) $12,500. C) $20,000. D) $30,000.
In the United States, spending on Social Security, Medicare, and Medicaid was approximately ________ of GDP in 1962, and is expected to be approximately ________ of GDP in 2050
A) 12%; 50% B) 3%; 20% C) 40%; 5% D) 25%; 65%
When plotting log wages (y-axis) against years of schooling (x-axis), the slope of the regression line indicates
A. the average wage. B. the economic return to each additional year of schooling measured in dollars. C. the average years of schooling. D. the average logged wage. E. the economic return to each additional year of schooling measured in percentage terms.
The equation of exchange is
A. a theory developed at the Federal Reserve. B. true in the short run but not always in the long run. C. an assumption that is not always true. D. an accounting identity and therefore is always true.