Asprem (1989)found That Changes in Industrial Production,employment,and Imports,the Level of Interest

question 82

Multiple Choice

Asprem (1989) found that changes in industrial production,employment,and imports,the level of interest rates,and an inflation measure explained only a small portion of the variability of equity returns for 10 European countries,but that substantially more of the variation was explained by

• A)an international market index.
• B)changes in exchange rates.
• C)the Herfindahl index.
• D)the 4-firm concentration ratio.

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Definitions:

Real Cost

The total economic cost of production, considering all direct and indirect resources consumed, including opportunity costs.

Commodity Resources

Basic goods used in commerce that are interchangeable with other goods of the same type.

Fracking

A method of oil and gas extraction that involves injecting liquid at high pressure into subterranean rocks, boreholes, etc., to force open existing fissures and extract oil or gas.

U.S. Oil Supply

The total quantity of oil available for use or consumption in the United States, coming from domestic production and imports.