A rapidly falling stock price would most likely trigger all of the following except:
A. a flood of margin calls.
B. massive sales of the stock.
C. the price to be pushed down even more.
D. a massive amount of purchases.
D. a massive amount of purchases.
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Suppose Cathy and Lewis work in a bakery making pies and cakes. Suppose it takes Cathy 1.5 hours to make a pie and 1 hour to make a cake, and suppose it takes Lewis 2 hours to make a pie and 1.5 hours to make a cake. What is the opportunity cost to Cathy of making a cake?
A. 1 pie. B. 1.5 pies. C. 2/3 of a pie. D. 1.33 pies.
An industry in which an increase in output leads to a reduction in long-run per-unit costs is a(n)
A) increasing-cost industry. B) constant-cost industry. C) break-even cost industry. D) decreasing-cost industry.
Let's be careful about defining our terms properly. Aggregate supply is the total value of
a. goods produced in the manufacturing sector that they are willing and able to supply at varying price levels b. goods and services that firms in the economy are willing and able to supply at varying price levels c. services that suppliers are willing and able to supply at varying price levels d. goods and services less the amount exported that firms are willing and able to supply at varying price levels e. goods and services including imports that firms are willing and able to supply at varying price levels
The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age, gender, and race
a. True b. False Indicate whether the statement is true or false