The beginnings of the New York Stock Exchange can be traced back to a small group of men who bought and sold stock in New York in
A. 1792.
B. 1866.
C. 1892.
D. 1929.
Answer: A
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A commercial bank's main goal is to
A) provide loans to its customers. B) maximize the wealth of its stockholders. C) lend money to the Federal Reserve Banks. D) open checking accounts. E) help the government when it needs money.
Under the bimetallic standard of the 19th century,
a. gold was initially valued at about 15 times that of silver. b. price fluctuations of gold and silver eased the adoption of the system. c. price fluctuations caused hoarding of undervalued coins. d. Both a and b are correct. e. Both a and c are correct.
Which of the following statements cannot be made regarding consumer preferences?
a. Pat enjoys her second cotton candy less than her first. b. Bill enjoys his second cotton candy as much as the first. c. Arnie enjoys two cotton candies more than one cotton candy. d. Arnie enjoys two cotton candies more than Pat enjoys one cotton candy. e. Bill and Arnie enjoy their second cotton candy less than they do their first.
Most waste generated in the U.S. ends up in landfills because
a. the low opportunity cost of time discourages recycling b. Americans earn low incomes c. the price of land is relatively low d. the low wages in the repair industry encourages repairs e. of low productivity and high wages in the waste disposal industry