The price of stock is determined by:
a. the demand for the good produced by the firm.
b. the number of shares of a firm's stock that is available.
c. the performance of the stock market.
d. the performance of the Federal Reserve.
e. the demand for and supply of a company's shares.
e
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The multiplier is calculated as the
A) change in autonomous expenditure/ change in real GDP. B) change in real GDP/ change in induced spending. C) change in real GDP/ change in autonomous expenditure. D) change in nominal GDP/ change in autonomous expenditure.
All railroads were private enterprises with no government influence
Indicate whether the statement is true or false
How is scarcity related to competition?
A) Competition is an effect of scarcity. B) Scarcity is an effect of competition. C) Both scarcity and competition are effects of a rationing device. D) Both scarcity and competition are effects of opportunity cost. E) Scarcity produces disutility and competition produces utility.
Exhibit 5-1 Demand curve
?
In Exhibit 5-1, the demand curve between points a and b is:
A. elastic. B. inelastic. C. unit elastic. D. perfectly elastic.