Exhibit 36-3 Stock P-E ABC 18 XYZ 55 ? ? Refer to Exhibit 36-3. Which of the two stocks has a bigger gap between its close price and net earnings per share?
A. Stock ABC
B. Stock XYZ
C. Both stocks have the same gap between its close price and net earnings per share
D. There is not enough information provided to answer the question.
Answer: B
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In 1912, the National Monetary Commission denounced the existing financial system of the U.S. and, in a report, detailed the levels at which it restricted domestic producers' abilities to function globally
Indicate whether the statement is true or false
Which of the following statements is NOT an assumption underlying the production possibilities curve?
A) Resources are fully and efficiently employed. B) Technology is fixed. C) Production occurs over some specified time period. D) The amount of resources available for production can be changed quickly.
Economic analysis indicates that high tax rates will
A) promote wasteful use of resources. B) retard capital formation. C) all of the above. D) reduce productive activity.
Producers of close substitutes have little or no incentive to merge.
Answer the following statement true (T) or false (F)