A ________ creates a situation in which the price received by sellers ________ the price paid by buyers.
Fill in the blank(s) with the appropriate word(s).
Ans: subsidy; exceeds
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Government actions designed to affect the performance of the economy as a whole are called ________ policies.
A. macroeconomic B. social C. microeconomic D. global
Which of the following sources of productivity is the most difficult to acquire?
A) education B) experience C) talent D) training
Stocks and bonds are similar in the sense that
a. both are sold initially in primary markets and then traded in secondary markets b. both are means of providing firms with the means of financing capital expenditures c. their prices are both perceived as signals of a firm's performance by management d. their values can both be calculated by discounting future payments to obtain a present value e. all of the above
The utilitarian justification for redistributing income is based on the assumption of diminishing marginal utility
a. True b. False Indicate whether the statement is true or false