Briefly describe the three most widely followed stock indexes in the United States
What will be an ideal response?
1. The Dow Jones Industrial Average, which is an index of the stock prices of 30 large U.S. corporations.
2. The S&P 500, which is an index prepared by Standard & Poor's Corporation and includes the stock prices of 500 large U.S. firms.
3. The NASDAQ Composite Index, which includes the stock prices of more than 4,000 firms whose shares are traded in the NASDAQ stock market. NASDAQ is an over-the-counter market, meaning that buying and selling on NASDAQ is carried out between dealers who are linked together by computer. The listings on NASDAQ are dominated by high-tech firms such as Apple, Facebook, and Twitter.
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The town of Little Bohemia has an estimated elasticity of demand for land of 2. What effect would there be to the quantity demanded from a 10% decrease in the price of land due to a tax increase?
What will be an ideal response?
Market equilibrium refers to a situation in which market price
a. is high enough to allow firms to earn a fair profit. b. is at a level where there is neither a shortage nor a surplus. c. is low enough for consumers to buy all that they want. d. is just above the intersection of the market supply and demand curves.
Define positive externalize and give an example
Please provide the best answer for the statement.
Which of the following would provide the best evidence that a commodity is being produced under conditions of perfect competition?
A) The supply curve is perfectly inelastic. B) The demand curve facing any one producer is perfectly elastic. C) The production of the commodity is large. D) The profits of producers are low.