Who is a "Lame Duck" in a stock market ?
Correct answer: C. A member of the stock exchange who cannot meet his obligations
- A. A new investor
- B. A old investor
- C. A member of the stock exchange who cannot meet his obligations
- D. None of the above
Explanation
In stock-market terminology, a lame duck is a member who cannot fulfil financial obligations arising from transactions. The term refers to financial incapacity, not simply to being a new or old investor.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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