By increasing transaction speed, electronic trading in stock markets has affected the trade off between size of market—which can reduce the search an investor must make to compare investments—and transaction speed
Indicate whether the statement is true or false
T This is one reason stock markets are merging, even across national boundaries.
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Refer to Table 4-8. If a minimum wage of $9.50 an hour is mandated, what is the quantity of labor supplied?
A) 390,000 B) 380,000 C) 370,000 D) 340,000
A normative statement: a. describes the self-interested behavior of individuals
b. describes the world as it is. c. describes how the world should be. d. describes how sunk costs do not affect current decisions.
In a market economy,
a. households decide which firms to work for and what to buy with their incomes. b. firms decide whom to hire and what to make. c. a central planner makes decisions about production and consumption. d. Both a and b are correct.
The exit of firms from a market, ceteris paribus,
A. Reduces the economic losses of remaining firms in the market. B. Increases the equilibrium output in the market. C. Shifts the market demand curve to the left. D. Shifts the market supply curve to the right.