Which of the following has made it possible for investors without any special business skills to benefit from the ownership of corporate America?
A) all of the above
B) the availability of mutual funds, which make it possible for even small investors to purchase a diverse stock portfolio at a low cost
C) the virtual disappearance of business failures among corporations with publicly traded stock shares
D) an increased tendency of small investors to buy and sell stock frequently
B) the availability of mutual funds, which make it possible for even small investors to purchase a diverse stock portfolio at a low cost
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The aim of development aid is basically to:
A) eradicate poverty. B) minimize international trade. C) eradicate corruption. D) boost population growth.
If the Federal Open Market Committee decides to decrease the money supply, it will
a. sell government bonds. b. purchase corporate bonds. c. purchase government bonds. d. reduce interest rates.
During the boom years of the 1920s, bank failures were quite
A) uncommon, averaging less than 30 per year. B) uncommon, averaging less than 100 per year. C) common, averaging about 600 per year. D) common, averaging about 1000 per year.
When economies of scale are present,
A. costs per unit decline as output expands. B. the government feels responsible for breaking up the firm. C. firms always make handsome profits. D. costs fall as the size of the product is increased.