Stock is
A) bought in a secondary market and sold in a primary market.
B) bought in a secondary market and sold back to the firm.
C) initially purchased in a primary market and sold in a secondary market.
D) none of these choices.
C
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Purchasing power parity does a ________ job in explaining movements in nominal exchange rates in the short run and does a ________ job in explaining movements in nominal exchange rates in the long run
A) reasonable; reasonable B) reasonable; poor C) poor; reasonable D) poor; poor
Most researchers agree that the New Deal positively impacted
(a) employment and overall production. (b) wages, working conditions and working hours. (c) electricity production and use of it as power. (d) all of the above.
A game in economics is defined as
A) something that is shown on ESPN. B) competition in which strategic decision making is integral. C) competition in general. D) an actual strategy chosen by one or more economic agents.
A budget surplus is
A. An excess of government spending over government revenues in a given time period. B. Used only in time of war. C. An excess of government revenues over government expenditures in a given time period. D. None of the choices are correct.