A group of stocks of individual firms that are placed into one investment pool by an investment company is commonly known as a:
a. pooled stock venue.
b. stock clump.
c. stock agreement.
d. mutual fund.
e. maximal diversified investment (MDI).
d
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What is resale price maintenance and why would a manufacturer want to use it? Under what circumstances would resale price maintenance increase social gain?
What will be an ideal response?
Assume the nominal dollar-per-euro ($/€) exchange rate appreciates by 2%, U.S. prices rise by 5% and Euro-Area prices rise by 3%. By approximately how much does the real exchange rate change?
a. 2% b. 3% c. 1% d. There is no change. e. 5%
Which of the following is not an example of nonprice competition?
a. Kellogg's introduces Froot Loops with Lemonberry Swirls. b. Sterling Planet provides consumers the opportunity to purchase renewable electricity in upstate New York. c. Mountain Dew sells "Livewire" orange soda in the summer of 2003. d. Nissan lowers the interest rate charged for new automobile financing. e. Honda produces a hybrid version of its Civic.
Which of the following is an example of opportunity cost not measured by money cost?
a. the time spent eating a business lunch at a restaurant b. the time spent preparing a meal eaten at home c. the time spent studying to obtain an "A" in economics d. the time spent repairing a car in one's own garage e. All of the above are correct.