If stock exchanges did not exist,
a. the risk to the investor of buying stocks would be much greater.
b. the economy's resources could be more efficiently allocated among firms.
c. there would be no organized way for firms to issue stock.
d. investment banks would no longer play a role in handling stocks.
a
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Three firms agree to operate as a monopoly and charge the monopoly price of $100 for their product and (jointly) produce the monopoly quantity of 20,000 units. If the competitive price for the product is $35, under the Clayton Act these three firms face treble damages of ______
A) $1,300,000 B) $3,900,000 C) $3,000,000 D) $1,000,
Either an increase in autonomous net taxes or a decrease in government purchases can close an expansionary gap
a. True b. False Indicate whether the statement is true or false
Which of the following is not correct?
a. When developing economic theories, graphs offer a way to visually express ideas that might be less clear if described with equations or words. b. Graphs are one way of expressing the relationships among variables. c. When studying the relationship between two economic variables, graphs allow economists to draw indisputable conclusions about causes and effects. d. When analyzing economic data, graphs provide a powerful way of finding and interpreting patterns.
The price of a gallon of gasoline at the pump increased by 10 percent at the same time that the inflation rate was 15 percent. The nominal price of gasoline ________, and the real price of gasoline ________.
A. increased; also increased B. increased; decreased C. decreased; increased D. increased; did not change