Exhibit 36-4 ? Stock High Low Close Net chg. Brown, Inc. 55.75 33.65 42.10 (A) Greenco 78.50 45.75 (B) -0.75 Black Motors 81.50 65.90 76.00 (C) ? ? Refer to Exhibit 36-4. If the closing price of Brown, Inc.'s stock on the previous day was $43.10, what value goes in blank (A)?
A. -1.00
B. +1.00
C. -0.50
D. +0.50
E. There is not enough information given to answer this question.
Answer: A
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Under a fractional reserve banking system,
A) banks keep a fraction of their reserves on hand as deposits. B) banks keep all of their reserves on hand as deposits. C) banks keep a fraction of their deposits on hand as reserves. D) banks keep all of their deposits on hand as reserves.
Which of the following goods is least likely to be in a market basket?
A. Shuttle service B. Airfare C. Streetlamps D. Coffee beans
If a profit-maximizing firm finds that price exceeds average variable cost and marginal revenue is greater than marginal cost, it should: a. reduce output, but continue producing in the short run. b. increase output
c. shut down. d. not alter its production level since it is earning a profit.
Most of the U.S. public debt is owed to the nation's citizens and domestic institutions. This is one reason that the public debt:
A. Crowds out private investment B. Does not impose a large burden on future generations C. Has a pro-cyclical economic effect on the economy D. Can result in the bankruptcy of the Federal government