If each company that made up the Dow Jones Industrial Average increased the number of their shares outstanding by 10%, but the share prices did not change, the value of the index would:
A. decrease since there are more shares outstanding.
B. increase by 10%.
C. not change.
D. increase, but by less than 10%.
Answer: C
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The portion of the long-run average cost curve in which economies of scale are experienced shows that as output increases, the
A) average total cost decreases. B) average total cost increases. C) marginal cost increases. D) marginal cost decreases. E) average variable cost is constant and the average fixed cost decreases.
If you purchased a newly issued 30-year bond from Google with a face value of $3,000 and a coupon payment of 6 percent, Google would pay you
A) $180 per year for 30 years plus $3,000 at the end of the 30th year. B) $100 per year plus 6 percent per year for 30 years. C) $100 per year for 30 years plus $3,000 at the end of the 30th year. D) $180 per year for 30 years.
If the price of inputs rises when a nation is in the intermediate range:
a. Real GDP remains the same and average price level falls. b. Real GDP remains the same and average price level rises. c. Real GDP remains the same and average price level remains the same. d. Real GDP falls and average price level rises. e. Real GDP falls and average price level falls.
Generally speaking, markets do a(n) ____ job of reconciling the demands of fairness and efficiency.
A. excellent B. above-average C. average D. poor