According to the Gordon-Growth model, what is the value of a stock with a dividend of $2, required return on equity of 8% and expected growth rate of dividends of 4%?

Farm programs such as those of the United States and the European Union:

A. encourage the United States and the European Union to use tariffs and quotas to restrict agricultural imports. B. cause U.S. and EU farmers to produce less than domestic consumers want to purchase. C. increase world market prices for agricultural products. D. raise farm output in developing nations.

A market structure in which the decisions of individual buyers and sellers have no effect on market price is

A) perfect competition. B) a short-run industry. C) a long-run industry. D) a market supply industry.