Which of the following is a financial-market transaction?
a. A saver buys shares in a mutual fund.
b. A saver deposits money into a credit union.
c. A saver buys a bond a corporation has just issued so it can purchase capital.
d. None of the above is correct.
c
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Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she often spends her time playing online games, which adversely affects the quality of her work
a) What is the term used to refer to such behavior? b) What is the solution to this problem? Explain your answer.
Every society must deal with the problem of scarcity because:
a. people do not have enough money to buy everything they need. b. government levies heavy taxes on households and firms. c. human beings become satiated as consumption increases. d. human wants are nearly unlimited relative to the availability of resources. e. productive resources, technology, and labor are unlimited.
The population explosion in many LDCs is best explained by
a. rising death rates and high birth rates b. declining marriage rates c. declining death rates and stable birth rates d. women who marry at a later age e. a high percentage of the population over 65
In order to explain the changing gap in earnings between skilled and unskilled workers in recent years, economists have proposed two hypotheses. One hypothesis emphasizes
a. compensating differentials. b. the increased recognition that a larger stock of human capital usually leads to higher earnings. c. technological progress. d. the decreasing importance of international trade.