When borrower-spenders raise funds in financial markets, they issue new securities in the
A) primary market.
B) secondary market.
C) third market.
D) fourth market.
A
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To determine who bears the greater share of a tax, we compare the
A) number of buyers to the number of sellers. B) elasticity of supply to the elasticity of demand. C) size of the tax to the price of the good. D) government tax revenue to the revenue collected by the suppliers. E) pre-tax quantity to the post-tax quantity.
Job candidates during a job search will seek to provide employers with ________ but avoid providing ________:
A. positive signals; negative signals. B. negative signals; positive signals. C. truthful information; false information. D. as much information as possible; private information.
Which of the following is a normative statement?
a. Fifteen percent of Americans go without health insurance in a year. b. The Consumer Price Index rose three-tenths of one percent in May. c. An increase in the minimum wage will increase teenage unemployment. d. Americans would be better served by single-payer health care system. e. The French trade deficit reached an all-time high last year.
Which of the following is not correct?
a. Economists use some familiar words in specialized ways. b. Economics has its own language and its own way of thinking, but few other fields of study do. c. Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist's language. d. The value of the economist's language lies in its ability to provide you with a new and useful way of thinking about the world in which you live.