How can a person be an indirect stockholder?
a. by owning stock in a fictitious name
b. by owning stock in one company and bonds in another company
c. by the government owning stock in a corporation
d. by a spouse owning stock in a corporation
e. by being a part of a pension fund that invests in stock in corporations
E
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Elsie owns a dairy farm and Elmer is a baker. If Elsie trades butter and milk for some of Elmer's pies than: a. Elsie is the only one that gains from the trade
b. Elmer is the only one that gains from the trade. c. Elsie and Elmer are both made better off by the trade. d. Both Elmer and Elsie are made worse off by the trade.
According to Edward Chamberlin, is the "differentness" of products a waste of resources? Explain
What will be an ideal response?
Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of
A) barriers to technological adoption. B) barriers to the development of natural resources. C) public education. D) endogenous growth.
Trade
A. allows a person to consume at a point outside his production possibilities frontier. B. limits a person's ability to produce goods and services on her own. C. must benefit both traders equally. D. is based on absolute advantage.