The secondary market for bonds is
a. where new issues of bonds are purchased
b. of less importance to our economy than is the primary market
c. of less importance to our economy than the stock market
d. where bonds that were issued in previous periods are purchased
e. a key determinant of the money supply
D
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One way for a company like McDonalds to overcome principal-agent problems is to advertise for franchisees
a. True b. False
Economics is primarily the study of
a. why people like to make money. b. the management of a business. c. the choices people make as the result of scarcity. d. how to make money in the stock market.
The year with the highest number of strikes was _________.
Fill in the blank(s) with the appropriate word(s).
The more differentiated the product,
A. the more elastic the demand. B. the more inelastic the demand. C. the more the entire demand curve shifts right. D. the more the entire demand curve shifts left.