The bid-asked spread is likely to be greater on securities that are
A) issued in larger denominations.
B) have low market risk.
C) less liquid.
D) traded in a deep market.
C
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Purchasing power parity does a ________ job in explaining movements in nominal exchange rates in the short run and does a ________ job in explaining movements in nominal exchange rates in the long run
A) reasonable; reasonable B) reasonable; poor C) poor; reasonable D) poor; poor
Assume the real U.S. GDP in 1929 was $942 billion and the U.S. population was 122 million, and the real U.S. GDP in 1930 was $858 billion and the U.S. population was 123 million. From 1929 to 1930, the per capita real GDP
A. Decreased. B. Remained unchanged. C. Increased. D. Cannot be determined from the information given.
Recall the Application regarding the elasticity of demand for public transit varying over time to answer the following question(s).According to the Application, the demand for public transit is in the short run is ________, so a 10 percent increase in the transit fare will decrease ridership by ________.
A. 0.40; 4 percent B. 0.60; 6 percent C. 0.50; 5 percent D. 0.7; 7 percent
Which of the following groups has the lowest poverty rate?
A. People with bachelor's degrees B. Children C. The elderly D. Whites