The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies
Indicate whether the statement is true or false
False
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The return to owners for innovation and risk taking is a firm's
a. economic profit after taxes b. total revenue c. total opportunity cost d. total implicit cost e. money profit after taxes
A recessionary gap exists when potential GDP
A. falls short of equilibrium GDP. B. exceeds equilibrium GDP. C. equals equilibrium GDP. D. inflation leads to economic disequilibrium.
Explain why wage rates might rise at Joe's Quik-Print Shop if Joe replaces his aging copy machines with state-of-the-art copy machines.
What will be an ideal response?
The automobile, household appliance, and automobile tire industries are all illustrations of:
A. homogeneous oligopoly. B. monopolistic competition. C. pure monopoly. D. differentiated oligopoly.