The price of the stock divided by the profits per share of stock is known as the
A) price-earnings ratio.
B) dividend.
C) yield in percent per year.
D) number of shares traded during the day.
Answer: A
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Which of the following statements is true of the unemployment rate in a country?
A) It is not correlated with the level of economic activity in a country. B) It normally decreases during periods of both economic expansion and contraction. C) It normally increases during periods of economic expansion and decreases during periods of economic contraction. D) It normally decreases during periods of economic expansion and increases during periods of economic contraction.
An oral auction
a. is also called a Vickrey auction b. is where bidders submit increasing bids until all but one remains c. is where the highest bidder wins and pays the amount of the next highest bid d. all of the above