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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 33
State whether you agree or disagree with the following statements:
a.If stock market prices go up, the economy is richer.
b.A real asset worth $1 million is more valuable to an individual than a financial asset worth $1 million.
c.Financial assets have no value to society since each has a corresponding liability.
d.The United States has much more land than does Japan.herefore, the value of all U.S.and should significantly exceed the value of land in Japan.
e.U.S.DP exceeds Japan's GDP; therefore, the stock market valuation of U.S.-based companies should exceed that of Japan-based companies.
a.If stock market prices go up, the economy is richer.
b.A real asset worth $1 million is more valuable to an individual than a financial asset worth $1 million.
c.Financial assets have no value to society since each has a corresponding liability.
d.The United States has much more land than does Japan.herefore, the value of all U.S.and should significantly exceed the value of land in Japan.
e.U.S.DP exceeds Japan's GDP; therefore, the stock market valuation of U.S.-based companies should exceed that of Japan-based companies.
Explanation
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Verified
(a) We disagree with the given statement...
Macroeconomics 9th Edition by David Colander
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