Which of the following statements about stock market brokers and dealers is TRUE?
A) Brokers earn commissions from trading stocks but dealers try to profit from trading stocks.
B) Brokers try to profit from trading stocks but dealers earn commissions from trading stocks.
C) Both brokers and dealers earn commissions from trading stocks.
D) Both brokers and dealers try to profit from trading stocks.
Answer: A
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Nominal interest rates tend to be higher in countries with
A) higher rates of inflation. B) lower rates of inflation. C) lower real interest rates. D) Both B and C.
Featherbedding refers to the practice of: a. disallowing members from joining labor unions
b. hiring lesser number of laborers than what is required. c. terminating employment without notice. d. hiring more laborers than what is necessary.
When a U.S. firm engages in outsourcing, it benefits ________ and harms ________.
A. the U.S. consumers of the firm's products; the firm's foreign employees B. the firm; the U.S. consumers of the firm's products C. the U.S. consumers of the firm's products; the firm's U.S. employees D. the U.S. consumers of the firm's products; the firm
The perfectly competitive firm shown in Figure 9-6 is currently producing 180 units of output. To maximize profit, it should
a.
increase output until ATC is maximized
b.
reduce output to 140 units
c.
reduce output to 100 units
d.
raise its price and lower its output
e.
raise its price and raise its output