Which of the following is a term for the total value of a firm's outstanding shares?

When shortages or surpluses persist for any extended period of time, they

A) are a consequence of failure to allow prices to perform their rationing function. B) are evidence of an underlying imbalance between demand and supply. C) are evidence of goods being scarce. D) indicate that there is no price that will clear the market in the case of some goods.

When the British pound rises in value relative to other currencies, then

A) goods imported into Britain rise in price. B) British exports rise in price. C) neither British exports nor imports rise in price. D) both British exports and imports rise in price.