Which of the following is true of American Depository Receipts (ADRs)?
a. ADRs cannot be sold over the counter.
b. Each ADR is backed by a specific number of the issuer's local shares.
c. An ADR is a stock that trades in foreign countries but represents a specified number of shares in a U.S. corporation.
d. For foreign companies, ADRs are an easy way to purchase raw material from U.S. producers.
e. ADRs are issued or sponsored in the United States by the federal government.
Question 2
The law of diminishing marginal utility states that:
a. the marginal utility of the last unit consumed of any good is less than the marginal utility of all other products consumed.
b. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, increases.
c. as more of a good or service is consumed, the marginal utility derived from it decreases.
d. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, remains the same.
e. the marginal utility of all products consumed must be equal.
American feral farm cat
American alligator (Alligator mississippiensis)
Spain’s North American Frontier, c. 1750
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From 1965 to 1968, American troops in Vietnam conducted “search and destroy” missions to shatter ...
John Gast, American Progress.