The purchase of a new automobile is included in
A) consumption expenditures on services.
B) consumption expenditures on nondurable goods.
C) consumption expenditures on durable goods.
D) investment expenditures.
Answer: C
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The bid-asked spread is likely to be greater on securities that are
A) issued in larger denominations. B) have low market risk. C) less liquid. D) traded in a deep market.
If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that:
a. output will increase, the price of wiffle balls will rise, and the economic losses would tend to disappear. b. output will decrease, the price of wiffle balls will fall, and the economic losses would tend to increase. c. output will decrease, the price of wiffle balls will rise, and the economic losses would tend to disappear. d. output will increase, the price of wiffle balls will fall, and the economic losses would tend to disappear.
Another term for stocks is equity
Indicate whether the statement is true or false
A worker who has quit one job and is taking two weeks off before reporting to a new job is an example of
A. frictional unemployment. B. structural unemployment. C. cyclical unemployment. D. disguised unemployment.