The Observed Change in the Reserves of Copper, Lead, and Zinc

question 43

Multiple Choice

The observed change in the reserves of copper, lead, and zinc between 1960 and 1990 was most likely caused by

• A)low prices discouraging exploration for new reserves.
• B)a slowdown in demand growth.
• C)high prices that stimulated exploration.
• D)the discovery of substitutes.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends.

Common Stock

Equities, or equity securities, issued as ownership shares in a publicly held corporation. Shareholders have voting rights and may receive dividends based on their proportionate ownership.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

ROE

Equity Return, which is determined by dividing the net income by the equity of shareholders, is a method used to evaluate financial success.