Financial markets are:
A. a powerful tool for the efficient allocation of scarce resources.
B. in many ways the purest expression of the market mechanism.
C. a global marketplace where sophisticated investors make billion-dollar decisions.
D. All of these statements are true.
Answer: D
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An asset is anything of value owned by a person or firm
Indicate whether the statement is true or false
A progressive income tax means the percentage of income paid in taxes decreases as income increases
a. True b. False Indicate whether the statement is true or false
The value of a financial instrument rises as:
A. the payments are made when the prospective investor needs them least. B. the size of the payment promised decreases. C. the promised payment is made sooner rather than later. D. it is less likely the payment will be made.
Exhibit 9-3 A monopolistic competitive firm in the long run
?
As presented in Exhibit 9-3, the long-run profit-maximizing output for the monopolistic competitive firm is:
A. zero units per week. B. 200 units per week. C. 400 units per week. D. 600 units per week.