One of the most widely followed stock indexes in the United States is the Dow Jones Industrial Average. This index represents

A) the stock prices of 500 large U.S. firms.
B) an over-the-counter market.
C) the stock prices of more than 4,000 U.S. firms.
D) the stock prices of 30 large U.S. corporations.

Answer: D

Economics

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Which of the following is not a characteristic of a perfectly competitive market? a. Firms are price takers

b. Individual firms are price setters. c. Firms are able to sell all of the output that they choose to produce. d. Firms produce identical goods.

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In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:

A. inventory is depleted. B. inventory is accumulated. C. inventory is unchanged. D. employment decreases.

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