Your Authors Note Several Empirical Studies That Have Found

question 53

Multiple Choice

Your authors note several empirical studies that have found:

• A) no share price effect for foreign firms that cross-list on major U.S. exchanges.
• B) a positive share price effect for foreign firms that cross-list on major U.S. exchanges.
• C) a negative share price effect for foreign firms that cross-list on major U.S. exchanges.
• D) none of the above

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Definitions:

National Income Accounting

A statistical approach that measures the overall economic activity and income of a country.

Economic Welfare

The overall well-being and standard of living of people in an economy, often measured by standards such as health, education, and income.

Negative Externalities

occur when the production or consumption of goods and services imposes costs on third parties not involved in the transaction.

Underground Economy

consists of unreported income from the production of legal goods and services, either due to tax avoidance or the desire to avoid government regulations.