If the Dow Jones Industrial Average is at 10,205 and it is up 4% from the previous day, what was the index at the close of the market the previous day?
A. 9,805.0
B. 10,201.0
C. 9800. 0
D. 9,812.5
Answer: D
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Studies have found which of the following economic terms mentioned most often in U.S. newspapers?
a. Unemployment b. Productivity c. Inflation d. Monetary policy
In perfect competition, P = MC is the condition that
A. holds only in the long run. B. encourages firms to enter an industry. C. guarantees that firms will make an economic profit. D. ensures that firms produce the right things.
With the benefits of international trade:
a. there can be increased consumption for all. b. global production will be increased. c. world resources will be used more efficiently. d. all of these are true.
The mercantilist economic doctrine was widely followed from the sixteenth to the eighteenth century in Europe
Mercantilists advocated the use of tariffs to restrict trade as they believed that countries that export more than they import will increase wealth. What could be the problem with such an economic policy?