What does it mean for an investment bank conducts a "road show"?
A) It involves an investment bank marketing its services to firms considering new issues.
B) It is when an investment bank goes to the SEC to seek approval for a new issue.
C) It is when firms seeking an underwriter consider alternative investment banks.
D) It involves visits to institutional investors who might want to buy the security issue.
D
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A firm practices input substitution when it
A. retrains Joe the welder as a painter and Pat the painter as a welder. B. buys extra machines for its workers to use. C. allows fixed cost to become variable. D. replaces unskilled labor with automated machinery.
Which of the following pairs of values of the consumer price index (CPI) is consistent with an inflation rate of 10 percent for 2014?
a. CPI in 2014 = 90; CPI in 2015 = 100 b. CPI in 2014 = 102; CPI in 2015 = 112 c. CPI in 2013 = 210; CPI in 2014 = 220 d. CPI in 2013 = 210; CPI in 2014 = 231
When exchange rates change and prices stay the same:
a. relative prices of traded goods in the two nations are unchanged. b. the price of foreign goods expressed in the home currency will always rise. c. imports get more expensive as the home currency depreciates. d. the price of foreign goods expressed in the home currency will always fall.
The law of supply states that more of a good will be supplied the lower its price, other things constant.
Answer the following statement true (T) or false (F)