The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A) price-earnings ratio
B) profit-earnings ratio
C) perfect-earnings ratio
D) price-equity ratio
Answer: A
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What does producer surplus measure?
a) the well-being of society as a whole b) the well-being of sellers c) the well-being of buyers and sellers d) the well-being of buyers
Before summer 2008, if you wanted a cell phone in Bhutan, you only had one choice: B-Mobile, owned and operated by the government. What does Kuenga Gyalthen mean he states that, "Up until now, because of the monopoly, we've all been suffering
So, I mean, it's finally time the consumer actually is king for a little while."? A) He believes that producer surplus is greater with competition. B) He believes that total surplus is greater with a monopoly. C) He believes that prices are lower with a monopoly. D) He believes that consumer surplus is greater with competition.