source : cpep.org
Which statement best describes a pure market economy?
A. Producer intervention in economic choices is strictly forbidden.
B. The government determines economic choices and makes most decisions.
C. The decisions made by producers and consumers drive all economic choices.
D. Producers and consumers make some economic choices while the government makes others.
Which statement best describes a pure market economy – Which statement best describes a pure market economy? 🎓a. Producer intervention in economic choices is strictly forbidden. b. The government determines economic choices and makes most decisions. c. TheWhich statement best describes a command economy? Command Economy is a Government system where the determination of good production, quantity to be produced and the price of the goods at the time of sales is carried out keeping the free market aside.Which statement best describes a mixed market economy? Consumer intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others.
Which statement best describes a command economy – Which statement best describes a pure market economy? Get the answers you need, now! buttsrya000 buttsrya000 10.10.2018 See answers honeysingh96 honeysingh96 The decisions made by producers and consumers drive all economic choices best describes pure market economy. Poojasinghshrinrt PoojasinghshrinrtWhat economic system focused on exports and acquiring precious metals? A. capitalism B. mercantilism C. market economy D. traditional economy . Geography, History, Social Studies. Which statement best describes a command economy? A. Individuals make most economic choices. B. Market forces decide most economic questions. C.Which statement best describes a pure market economy? A) Producer intervention in economic choices is strictly forbidden. B) The government determines economic choices and makes most decisions.
economic systems Flashcards | Quizlet – The proper role of government in a capitalist economic system has been hotly debated for centuries. Unlike socialism, communism, or fascism, capitalism does not assume a role for a coerciveWhich statement best describes a pure market economy? Producer intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices.Which statement best describes a pure market economy? a. Producer intervention in economic choices is strictly forbidden. b. The government determines economic choices and makes most decisions. c. The decisions made by producers and consumers drive all economic choices. d.
The Circular Flow Model of a Market Economy – .
Chairman Schapiro's Opening Statement at SEC Open Meeting – Short Sale Restrictions – Good Morning.
This is an open meeting of the
U.S. Securities and Exchange Commission on February 24, 2010. Today the Commission is considering a rule
that would restrict short selling when a stock is experiencing significant downward price
pressure. It is a rule that is designed to preserve
investor confidence and promote market efficiency. Today's rule grows out of the lessons learned
two years ago when the market began to drop precipitously. At that time, the Commission
took a series of emergency and temporary actions over a three month span in part to respond
to the market volatility and rapid and steep price declines in securities. While we must always be prepared to take additional
action in the future, I believe it is important for the Commission and the markets to have
in place a measure that creates certainty about how trading restrictions will operate
during periods of stress and volatility. Under today's proposed rule, a circuit breaker
would be triggered any time a stock has dropped 10 percent in one day. At that point, short
selling would only be permitted in a security if the price is above the current national
best bid. The reason this rule makes sense is because
it recognizes that short selling can potentially have both a beneficial and a harmful impact
on the market â€” depending on the circumstances. When investors engage in short selling, they
are in effect borrowing a stock to sell it to another investor. At a later time, they
must buy back the stock to replace the one they sold. Instead of the usual order for
a transaction, where an investor wants to buy low and sell high, a short seller wants
to sell high and later buy back low. In arriving at the rule we are considering,
the Commission was cognizant of the benefits that short selling can provide to the markets.
As we have noted many times, short selling can play an important and constructive role
in the markets, such as by providing market liquidity and pricing efficiency. However, we also are concerned that excessive
downward price pressure on individual securities, accompanied by the fear of unconstrained short
selling, can destabilize our markets and undermine investor confidence in our markets. Today's rule, which we refer to as the alternative
uptick rule, addresses these concerns. First, it will prevent short selling, including
potentially manipulative or abusive short selling, from further driving down the price
of a security that has experienced a 10 percent price decline. Limiting the potential for
abuse is an important goal of these rules. And, second, it will enable long sellers to
stand in the front of the line, and sell their shares before any short sellers once the circuit
breaker is triggered. * * * During the Commission's history, the practice
of short selling has garnered a great deal of interest. In 1938, the Commission enacted
former Rule 10a-1, commonly known as the "uptick rule." That rule prohibited investors from
short selling an exchange-listed security unless the sale price of the security had
previously ticked upward. The former uptick rule remained virtually unchanged until the
Commission authorized a study in 2004. That study assessed the functionality and necessity
of the price tests restrictions in place at that time. Following the year-long pilot study,
the Commission ultimately eliminated all short sale price test restrictions in 2007. Since that time, the global economic environment
has changed dramatically and the markets have experienced extreme volatility. Beginning
in 2007, market volatility increased not only in the U.S. but in every major stock market
around the world. With worsening market conditions came an erosion
in investor confidence, which in turn triggered calls for renewed short selling restrictions,
including from investors and issuers. In 2008, the Commission then passed four temporary
emergency orders, including orders that imposed pre-borrow requirements on short-sales for
19 different stocks, a ban on short sales for almost 1,000 financial stocks, certain
short sale disclosure requirements, and certain measures related to "naked" short selling. In addition, the Commission subsequently adopted
certain of these measures as final rules, in part, to further the Commission's goals
of addressing potentially abusive "naked" short selling. For example, we adopted a "naked"
short selling anti-fraud rule. We also adopted a rule that requires broker-dealers to promptly
purchase or borrow securities to deliver on a short sale. Even with all of these final actions, concerns
regarding short selling persist. With these concerns in mind, the Commission is today
considering whether to impose certain short selling restrictions. Specifically, the alternative uptick rule
the Commission is considering would work as follows: * A circuit breaker would be triggered for
a security any day in which the price declines by 10 percent or more from the prior dayâ€™s
closing price. * Once the circuit breaker has been triggered,
the alternative uptick rule would apply to short sale orders in that security for the
remainder of the day as well as the following day.
* The alternative uptick rule generally would apply to equity securities that are listed
on a national securities exchange, whether traded on an exchange or in the over-the-counter
market. * Under the rule, trading centers would be
required to establish, maintain, and enforce written policies and procedures that are reasonably
designed to prevent the execution or display of a prohibited short sale. The rule the Commission is considering today
is the result of a thorough and deliberative process. We proposed a set of price test restrictions
last April for public comment. We held a Roundtable in May. And, we put out a subsequent request
for additional comment last August. All of this resulted in more than 4,300 comments
discussing both the merits and shortcomings of each of the proposals. I believe the alternative uptick rule strikes
the right balance. I would like to thank the staff of the Division
of Trading and Markets for their commendable work on this matter, specifically Director
Robert Cook, Deputy Director Jamie Brigagliano, Josephine Tao, Victoria Crane, Katrina Wilson,
and Angela Moudy. I would also like to thank their colleagues in the Office of the General
Counsel, specifically David Becker, Meridith Mitchell, Janice Mitnick, and Cynthia Ginsberg,
as well as the Division of Risk, Strategy, and Financial Innovation, specifically Henry
Hu, Bruce Kraus, Amy Edwards, Tim McCormick, and Cecilia Caglio. Now I'll turn the meeting over to Robert Cook,
Director of the Division of Trading and Markets, to hear more about the Division's recommendation. .
Guide to Game Theory: Nash equilibrium – .