Indirect stock ownership means that a person
a. buys stocks through a stockbroker
b. puts money into financial intermediaries that buy stocks
c. has a friend buy stocks so that the IRS won't know about it
d. puts money into a partnership rather than a corporation
e. buys bonds instead of stocks when the interest rate is high
B
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China has a trade deficit in services, while India has a trade surplus in services
Indicate whether the statement is true or false
An important source of short-term funds for commercial banks are ________ which can be resold on the secondary market
A) negotiable CDs B) commercial paper C) mortgage-backed securities D) municipal bonds
A country's total output, or real GDP, is determined only by its aggregate production function
a. True b. False
Which of the following is a long-run adjustment?
A. A firm hires two new workers. B. The number of professional baseball teams increases by two. C. GM buys more steel for its auto plants in Michigan. D. A farmer buys twice the usual amount of fertilizer.