A characteristic of stock prices is that ________
A) they tend to go up on the upswing of the cycle
B) they tend to go down on the downswing of the cycle
C) they are a leading indicator
D) all of the above
E) none of the above
D
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A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
Opportunity cost is best defined as:
a. the sum of all alternatives given up when a choice is made. b. the money spent once a choice is made. c. the highest-valued alternative given up when a choice is made. d. the difference between the cost price and the selling price of a good. e. the cost of capital resources used in the production of additional capital.
One thousand tickets are sold at $1 each for a color television valued at $350. What is the expected value of the gain if a person purchases one ticket?
A. -$0.001 B. -$349 C. -$0.65 D. -$0.80
Which of the following events will cause the unemployment rate to increase?
A. an increase in population, with no change in the size of the labor force B. a proportionally equal increase in the labor force and the number of unemployed workers C. an increase in the labor force with no change in the number of employed workers D. an increase in the number of employed workers with no change in the number of unemployed workers