The arrangements that individuals have with each other to exchange goods is known as
A) demand.
B) supply.
C) a market.
D) complements.
C
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If you are buying a bond that is newly issued by the corporation, you are buying it in the primary market.
Answer the following statement true (T) or false (F)
Central banks intervene in the foreign exchange market
A) to smooth out currency fluctuations. B) to facilitate the transfer of goods and services internationally. C) to conduct foreign exchange operations for central governments. D) All of the above.
Only the most reputable borrowers operate by ________ finance, such as selling securities ________
A) indirect, to savings banks B) indirect, on the bond market C) direct, to savings banks D) direct, on the bond market
Keith just got an iPhone 5 for his birthday, and he quickly switches his data over and throws his iPhone 4 in a drawer and forgets about it. Economists would say this behavior is ___________ and would use the concept of ________________ to explain this choice.
A. rational; the implicit cost of ownership B. irrational; the implicit cost of ownership C. irrational; ignoring sunk costs D. rational; considering sunk costs