In reading the stock market quotes in the newspaper, the column with the heading "P/E" gives the
A) number of shares of the stock traded that day.
B) dividend per share divided by the closing price per share.
C) stock symbol for the company.
D) latest closing price per share divided by the latest available earnings per share.
D
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The circular flow model illustrates
A. the interdependence of businesses and consumers. B. the importance of having a central plan for the economy. C. how natural and other resources are created. D. how money is created by the banking system.
Suppose we observe people buying more of a good even though its price has risen. What would an economist conclude?
A) Impossible! We will never observe prices and quantity simultaneously rising in the real world. B) The demand curve for the good must be upward-sloping. C) The law of demand doesn't hold. D) The demand curve has shifted to the right. E) Consumption increasing as prices increase only occurs when a good is needed for survival.
In the open-economy macroeconomic model, if a country's supply of loanable funds shifts right, then
a. net capital outflow rises, so the exchange rate rises. b. net capital outflow rises, so the exchange rate falls. c. net capital outflow falls, so the exchange rate rises. d. net capital outflow falls, so the exchange rate falls.
Dorm rooms usually are not allocated by markets. Allocating dorm rooms is:
A. not affected by economic forces. B. not an economic problem. C. determined by prices. D. an economic problem.