The __________ serves as a practical reference point for all other securities markets
A) commercial paper market
B) New York Stock Exchange
C) over-the-counter market
D) U.S. government securities market
D
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Diversification ________ the risks of investing in the stock market
A) is unrelated to B) increases C) eliminates D) can reduce but not eliminate
The incentive for new firms to enter into a perfectly competitive market is primarily the:
A) large number of existing firms in the market. B) positive profits earned by the existing firms in the market. C) high level of government intervention in the market. D) large number of buyers in the market.
An exogenous variable is typically ________
A) calculated by the model B) only used to conduct policy analysis C) explained inside the model D) disregarded in economic models E) none of the above
In 1938, another Agricultural Adjustment Act was passed. The error of the 1933 Act was now avoided. What had that error been?
(a) Acreage allotments (b) Combining provisions for conservation with subsidies (c) Imposition of specific taxes on food processors (d) Excessive delegation of power