The stocks that make up the Dow Jones Industrial Average:
A. are dominated by the automobile industry.
B. are not a broad measure of the market since they do not include any technology companies.
C. have changed as the structure of the economy has changed.
D. are the same ones that were originally used to construct the index.
Answer: C
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In the above figure, if the price is $1.25 per gallon of milk and 5 million gallons are produced and consumed, then the consumer surplus is ________ and the producer surplus is ________
A) $3.125 million; $3.125 million B) $12.5 million; $12.5 million C) $6.25 million; $6.25 million D) None of the above answers are correct.
When a company hires a celebrity to endorse its product, it aims to send a message about: a. the heritage associated with its product
b. the competitive price offered for its product. c. the market share it holds. d. the quality of its product.
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the economy is on SRPC3, then the expected inflation rate is
A. 4%. B. 5%. C. 6%. D. none of the above.
The stimulus package implemented by the Bush Administration in 2008 included
A. rebates to individual taxpayers of $900 per individual and $600 per married couple. B. rebates to individual taxpayers of $600 per individual and $900 per married couple. C. no rebates of any kind to individual taxpayers, only corporations. D. rebates to individual taxpayers of $600 per individual and $1200 per married couple.