A broad and liquid market means that
a. stock markets list a large number of shares.
b. owners can sell stock but only at a discount.
c. shareholders can sell at any time at the market price
d. insider trading laws are observed.
e. none of the above.
C
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Refer to Figure 8A.2. Compared to curve s1Y, curve s2Y represents
A) a decrease in depreciation. B) a decrease in original capital stock. C) a higher saving rate. D) a decrease in capital deepening.
Real investment tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
All of the following are economic resources, or factors of production EXCEPT
A) land. B) physical capital. C) money. D) entrepreneurship.
If a government budget deficit leads to a higher level of imports, with exports remaining fixed, the result will be a
a. smaller trade deficit. b. larger trade deficit. c. smaller surplus. d. larger surplus.