Which of the following is true of American Depository Receipts ...

[jace]

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.

[stillxalice]

Answer to Question 1

b

Answer to Question 2

c

[jace]

TYSM

[abro1885]

Excellent