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AMERICAN STOCK EXCHANGE: One of three national stock markets in the United States (see National Association of Securities Dealers and New York Stock Exchange) that trade ownership shares in corporations. In terms of daily stock transactions and the number of stocks listed, the American Stock Exchange is the smallest of these three. However, it's composite index of stock prices -- AMEX is considered important enough to be flashed briefly on the nightly news.
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Lesson 22: Factor Supply | Unit 4: Determinants
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Page: 19 of 25
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- An important concept to consider: mobility.
- Mobility is the ease with which resources or factors of production can move from one productive activity to another.
- Some factors are highly mobile and thus are easily switched. Other factors are highly immobile and not easily switched.
- Mobility generally takes one of two forms:
- Geographical mobility
- Occupational mobility
- Factor mobility is most important to the price elasticity of factor supply.
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SIXTH RULE OF IGNORANCE The sixth of seven basic rules of the economy, stating that obtaining information is a costly activity that requires resources with alternative uses. As such, no one knows everything and everyone is ignorant about something.
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius trying to buy either a replacement battery for your pocket calculator or a how-to book on home remodeling. Be on the lookout for crowded shopping malls.
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Cyrus McCormick not only invented the reaper for harvesting grain, he also invented the installment payment for selling his reaper.
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"Lord, where we are wrong, make us willing to change; where we are right, make us easy to live with. " -- Peter Marshall, US Senate chaplain
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SEBI
Bombay Stock Exchange (India)
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