Facebook sold shares of stock for the first time in an IPO on May 18, 2012. The stock originally sold for $38 per share. As of October 19, 2012, a share of Facebook stock was valued at $19 per share
The decrease in the value of a share of Facebook purchased in May and still owned in October is called A) a capital gain.
B) a capital loss.
C) gross investment.
D) net investment.
B
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Modern Monetarists argue that the velocity of money is
A) constant. B) the inverse of the money multiplier. C) unmeasurable. D) predictable.
You are considering renting a car for the weekend. It costs $200 for the car plus $0.20 per mile (including gas). Suppose you have already rented the car for the week and then add the 300 mile addition to your trip. Now what is the cost of the journey?
A. $100 B. $260 C. $0 D. $60
A price war is evidence of a:
a. perfectly competitive market. b. successful tacit collusion. c. successful nonprice competition. d. collapse of tacit collusion.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Which of the following is true? The opportunity cost of:
A. 1 iPod in Country B is 2 tablets. B. tablets is lower in Country A than Country B. C. 1 iPod in Country A is 2 tablets. D. 1 tablet in Country A is 2 iPods.