Which of the following stock price indexes is a price-weighted index?
A. Nasdaq
B. Wilshire 5000
C. Standard & Poor's 500 Index
D. Dow Jones Industrial Average
Answer: D
You might also like to view...
The amount of output lost when the inflation rate is reduced by one percentage point is called
A) Okun's law. B) the sacrifice ratio. C) the Solow residual. D) Planck's constant.
Left to itself, a natural monopoly will produce
a. nothing b. the efficient level of output c. the quantity at which marginal cost equals marginal revenue d. the quantity at which the marginal cost and demand curves intersect e. the quantity at which the long-run average total cost and demand curves intersect
When estimating a short-run production function of the form Q = AL3 + BL2, it is necessary to specify in the computer routine that
A. B > 0. B. A < 0. C. the intercept term is forced to equal zero. D. a and b E. all of the above
Many economists think that effective institutions are essential for economic growth. In this context, what are institutions?
A. government agencies like the Food and Drug Administration (FDA) or the Environmental Protection Agency (EPA) B. mechanisms that allow for the use of fiscal and monetary policy C. the laws, social norms, and conventions of a culture D. prisons, jails, and psychiatric hospitals that are used to keep certain people isolated from the rest of the population E. long-standing companies that consumers can depend on for reliable service and products