The credit supply curve is:
A) horizontal. B) vertical.
C) downward sloping. D) upward sloping.
D
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Refer to Scenario 10.4. Given the information above, what are the profit maximizing number of tickets sold and the price of tickets?
A) 0, $60 B) 20,000, $50 C) 40,000, $40 D) 60,000, $30 E) 80,000, $20
What is true of stock exchanges in the United States?
a. There are two major stock exchanges in New York, several smaller regional exchanges across the nation, and over-the-counter trading via NASDAQ. b. The New York Stock Exchange is the only stock exchange in the United States. c. There are only two stock exchanges, NYSE and AMEX. d. There are only three stock exchanges, NYSE, AMEX, and NASDAQ.
Which of the following can policy do?
a. alter incentives b. alter trade-offs c. change opportunity costs d. All of the above are correct.
Asset price bubbles are not sustainable because:
A. they do not reflect an increase in the real productive value of the asset. B. invariably the government steps in to burst the asset price bubble. C. investors eventually run out of assets with which to purchase the good. D. people realize that leverage really doesn't work mathematically.