If you lost 20 percent on $100 worth of stock in a 2x margin account, then you would:
A. lose $40.
B. gain $40.
C. lose $20.
D. gain $20.
Answer: A
You might also like to view...
If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
A) downward sloping. B) horizontal. C) upward sloping. D) vertical.
If a 1 percent increase in price leads to a .7 percent increase in quantity supplied in the short run, the short-run supply curve is
a. elastic. b. inelastic. c. unit elastic. d. perfectly inelastic.
Which of the following is presented in the text as an issue about which reputable economists might disagree?
A. The definition of a market transaction B. The impact on the federal budget of an increase in military spending C. Whether unemployment rose significantly during the Great Recession D. Whether the government should provide more scholarship funds
Related to the Economics in Practice on page 67: Increased preference for quinoa would most likely shift the demand curve for quinoa to the ________ and lead to a(n) ________ in the price of quinoa, ceteris paribus.
A. left; increase B. left; decrease C. right; increase D. right; decrease