The Dow Jones Industrial Average Is

question 97

Multiple Choice

The Dow Jones Industrial Average is:

• A) an index made up of the stock prices of the 100 largest corporations in the U.S.
• B)an index that measures the value of purchasing 100 shares in each of the corporations that make up the index.
• C) the average price of stock in 30 of the largest companies in the U.S.
• D) the broadest measure of stock market performance.

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Definitions:

Luxury Item

A good or service that is considered non-essential but is desirable as it offers a sense of extravagance or comfort.

Household Budget

An itemized summary of expected income and expenses for a defined period of time, typically for a household.

Price-Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to price changes.

Price Elasticity

A measure of the responsiveness of quantity demanded or supplied to a change in price.