Someone who owns stock in a drug company that suddenly and unexpectedly reveals it has found an effective vaccine against AIDS will make a profit on the stock
A) at once.
B) only if she hangs on to the stock for a number of years.
C) only if she sells the stock.
D) only when the dividends actually start to increase.
E) when total revenue exceeds all costs, including research and development costs.
A
Economics
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What term describes demand with an elasticity of less than 1?
a) unitary elastic b) inelastic c) low d) elastic
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In the foreign exchange market, U.S. residents wishing to purchase foreign exports or foreign real and financial assets must:
A) demand U.S. dollars by supplying foreign currency. B) demand U.S. dollars by supplying U.S. dollars. C) supply U.S. dollars by demanding foreign currency. D) none of the above.
Economics