During the stock market boom of the late 1920s stock prices ______
a. rose at about the same rate as dividends
b. rose faster than dividends
c. rose more slowly than dividends
d. there is, surprisingly, not enough information to know what happened to pricesrelative to dividends
b. rose faster than dividends
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The number of presidentially appointed members who sit on the Federal Reserve Board of Governors is:
a. none. b. seven. c. nine. d. twelve.
Which of the following statements is true?
a. The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making. b. In capitalism income is distributed on the basis of need. c. Adam Smith was the father of socialism. d. Most real-world economies are mixed economic systems. e. The "invisible hand" refers to government economic control.