In recent years, established U.S. stock markets have faced significant competition from:
a. new start ups
b. small, regional stock markets
c. foreign stock markets
d. people buying & selling stocks online
d
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Which of the following is true of a competitive market? a. The rules of supply and demand do not apply to it
b. Buyers and sellers have little market power. c. Each buyer's or seller's effect on market price is substantial. d. Few sellers offer similar products.
A trading block that includes the United States, Mexico, and Canada was established by the
a. Maastricht Agreement. b. General Agreement on Tariffs and Trade. c. North American Free Trade Agreement. d. Organization of American States.
Which of the following reduced the demand stimulus effects of the Fed's low interest rate policy pursued during, and after, the financial crisis of 2008-2009?
a. Declining stock prices during 2010-2012. b. A reduction in the velocity of money. c. An increase in earnings derived from money market accounts, saving deposits, and similar saving instruments. d. A sharp increase in the rate of inflation during 2009-2012.
Joe's Taco Hut can purchase a delivery truck for $20,000 and Joe estimates it will generate a net income (after taxes, maintenance and operating costs) of $2,000 per year. He has no other opportunities. He should:
A. not purchase the truck if the real interest rate is greater than 2 percent. B. purchase the truck if the real interest rate is greater than 10 percent. C. purchase the truck only if the real interest rate is less than 2 percent. D. purchase the truck if the real interest rate is less than 10 percent.