What is a primary market?
A) a market where primary inputs like steel are sold
B) a market where you can sell any bonds you own as a private investor
C) a market where newly issued claims are sold to initial buyers by the borrowing firm
D) a market where you can sell any stocks you own as a private investor
Answer: C
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Semen consists of
A. sperm B. alkaline fluid C. fructose D. all of the above
If the price of Good X is $2, the price of Good Y is $10 and the consumer's budget is $100, which of the following combinations of Good X and Good Y would be on the budget line?
A. 50 units of Good X and 10 units of Good Y B. 10 units of Good X and 6 units of Good Y C. 25 units of Good X and 5 units of Good Y D. 30 units of Good X and 6 units of Good Y
Accounting profits are found by total revenues minus
A. explicit and implicit costs. B. implicit costs. C. explicit costs. D. all opportunity costs.
Which of the following is an example of differentiated goods?
A) Books and cosmetics B) Fuel and water C) Potatoes grown by different farmers D) Tea and energy drinks