. Which of the Following Is True

question 48

Multiple Choice

. Which of the following is true?

• A)The New York Stock Exchange is owned by the U.S. government to facilitate the trading of stocks in the secondary market.
• B)The New York Stock Exchange is a publicly traded company owned by those who have purchase stock it.
• C)The New York Stock Exchange has merged with numerous other exchanges in recent years.
• D)Both b and c are true.

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Definitions:

Invisible Hand

A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society at large.

Economist

A professional who studies the production, distribution, and consumption of goods and services, focusing on how economic agents behave and interact.

Government Intervention

Government intervention involves actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and monetary policies.

Externality

A consequence of an economic activity that is experienced by unrelated third parties; it can be either positive or negative.