The agency that restricts insider trading is the
A) Federal Reserve System.
B) Securities and Exchange Commission.
C) Office of the Comptroller of the Currency.
D) Federal Deposit Insurance Corporation.
B
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If aggregate planned expenditures equal real GDP, then
A) unplanned inventory changes equal zero. B) inventories decrease below their planned levels and businesses increase their production. C) inventories decrease below their planned levels and businesses decrease their production. D) inventories increase above their planned levels and businesses decrease their production. E) there is no equilibrium level of real GDP.
Suppose that a perfectly competitive market is in equilibrium. Then,
a. the equilibrium quantity provides the maximum possible benefit to buyers b. the equilibrium quantity provides the maximum possible benefit to buyers and sellers combined c. total (producer + consumer) surplus is equal to price x quantity. d. an additional unit, if produced, would produce a benefit that exceeds its cost of production e. an additional unit could be produced at a cost to some producer that is less than the benefit to some consumer
Why do the individual demand curves for Peter and Lois have steeper downward slopes than the market demand curve?
a. The market demand curve has a larger change in quantity of coffee demanded than individual curves.
b. The market demand curve has a larger change in coffee prices than individual curves.
c. The market demand curve has a lesser change in quantity of coffee demanded than individual curves.
d. The market demand curve has a lesser change in coffee prices than individual curves.
Inflation is a:
a. One-time change in the general level of prices b. Sustained decline in the general level of prices c. Sustained rise in the general level of prices d. Movement of the economy toward full-employment