Options on individual stocks are not listed on the
A) New York Stock Exchange.
B) American Stock Exchange.
C) Nasdaq.
D) Pacific Stock Exchange.
C
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When U.S. residents buy products that were made in Japan, then ultimately the Japanese want
A) yen. B) dollars. C) Japanese goods. D) goods, including U.S.-made goods.
Jerome, the florist, sold 500 bridesmaid's bouquets in June. He estimates his costs that month were ATC = $10, AVC = $6, and MC = $9 . If he sold each bouquet at the constant market price of $9, Jerome:
a. made an economic profit of $500. b. made a loss of $500. c. made an economic profit of $1,500. d. made a loss of $1,500. e. should have shut down in June.
What is meant by economist Paul Romer’s statement that “Economic growth springs from better recipes, not just from more cooking”? Better recipes ______.
a. are the result of better education and training b. lead to innovation and permanent change c. provide quality rather than quantity d. require assistance and collaboration
A bond is essentially:
A. an equity. B. a loan. C. a stock. D. a derivative.