Today the primary distinction between direct and indirect finance is in:
A. direct finance the asset holder has a claim on a financial institution while in indirect finance the asset holder has a direct claim on the borrower.
B. indirect finance the asset holder has a claim on the government while in direct finance the asset holder has a direct claim on a private sector corporation.
C. indirect finance the lender has a direct claim on the borrower while in direct finance the lender has a claim on a financial institution.
D. direct finance the asset holder has a direct claim on the borrower while in indirect finance the asset holder has a claim on a financial institution.
Answer: D
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Mary has an old house built in 1950 that she would be willing to sell for $100,000. If someone offers to buy her house at $110,000, Mary's producer surplus would be equal to:
A) $5,000. B) $10,000. C) $55,000. D) $100,000.
The extent of discrimination is
A. measured by the differences in incomes. B. the reason for two-thirds of the income differential between black male workers and white male workers. C. difficult to quantify and controversial. D. easily measured for each category of workers.
The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
Art's opportunity cost of producing one pound of beef is ________ computer(s).
A. 100 B. 1/100 C. 1/50 D. 50
The NASDAQ collapse of the year 2000 finally bottomed out in October 2002 after
A. its merger with the New York Stock Exchange. B. moving its headquarters to London. C. losing 23% of its value in 31 months. D. losing 78% of its value in 31 months.