The NYSE is also called
A) the over-the-counter market.
B) the Big Board.
C) the Central Market.
D) the Exchange.
B
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If consumers would be willing to purchase the same quantity of a good no matter what its price was, the demand curve would
a. be a vertical line, and demand would be perfectly inelastic. b. be a horizontal line, and the demand would be perfectly elastic. c. not exist. d. be identical to the supply curve for the good.
The most efficient method of allocating scarce resources is through:
a. well-placed price controls on high-cost goods and services. b. utilization controls to ensure that demand does not exceed supply. c. competitive markets that allow supply and demand to interact freely to establish equilibrium prices. d. strictly followed budgets that keep spending under control. e. favorable tax treatment on those items that policy makers want to control.
Suppose that the total expenditures for a typical household in 2015 equaled $2,500 per month, while the cost of purchasing exactly the same items in 2017 was $3,000. If 2015 is the base year, the CPI for 2017 equals:
A. 1.00 B. 0.83 C. 1.20 D. 1.25
The recent discovery of a significant amount of shale oil in the U.S. that can be exported will shift the:
A. supply of U.S. currency to the right and lead to a currency depreciation. B. demand for U.S. currency to the left and lead to a currency depreciation. C. demand for U.S. currency to the right and lead to a currency appreciation. D. supply of U.S. currency to the right and lead to a currency appreciation.