The New York Stock Exchange (NYSE) originated as:
A. a decentralized electronic market made up of dealers all over the world.
B. a financial market where nearly 100 million shares of stock are traded every business day.
C. the only centralized stock exchange in the world.
D. an example of a centralized exchange.
Answer: D
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Suppose the market for a good is expressed as follows:
Inverse demand: P = 200 - 2Q Inverse supply: P = 2Q What is the equilibrium if the government imposes a supply quota of 75 units? What is the equilibrium if the government imposes a supply quota of 25 units?
If you have a choice of consuming either two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
a. two apples. b. three oranges. c. two apples and three oranges. d. two apples or three oranges, whichever you value more. e. the difference in the prices of the three options.