You make a $1,000 investment in the stock of ABC Inc. Over the next year the investment decreases by 60%. What percentage increase do you need in the following year on your holding to be back to $1,000?
What will be an ideal response?
We can employ the formula from the text: 100? = 100 ?
Using this formula, where d is the initial decline in the investment (60), the answer is 150%.
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According to this Application, the United States was found to have violated international trade laws by imposing excessive ________ on Chinese ________ of goods such as solar panels
A) quotas; imports B) quotas; exports C) tariffs; imports D) tariffs; exports
Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a price of $10 per DVD. Market basket B contains 12 books and 12 DVDs. Based on this information, which of the following statements is NOT true?
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A decrease in supply will cause
a. an increase in demand. b. a decrease in demand. c. an increase in quantity demanded. d. a decrease in quantity demanded. e. a decrease in equilibrium price.
According to Keynes, the primary cause of large-scale unemployment is
A. low prices. B. high exports. C. low exports. D. inadequate aggregate demand.