Which of the following is a possible advantage of a free market condition?
a. In a free market, consumers are offered discounts on the purchase of products
b. In a free market, all goods and services are offered for free to households below the poverty line.
c. In a free market, continuous government intervention helps keep the price of products under control.
d. In a free market, competition among sellers helps the consumers purchase a product at the lowest possible price.
e. In a free market, consumers have limited products to choose from, thereby assuring less confusion and better quality.
d
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A distinction between stocks and bonds is that
A) although the return on a bond is determined by the forces of supply and demand, the return on a stock is set by the stock exchange. B) stocks represent ownership claims to the company and bonds do not. C) bonds must be held for a fixed number of years whereas stocks can be bought and sold at any time. D) bonds can be traded many times in the bond market, while stocks are non-transferable. E) bonds cannot be sold to anyone other than the company that issued it while stocks can be resold to anyone.
The industrialized group of countries has growth rates that are consistent with the findings of the economic growth model
That is, Taiwan, Korea, and Singapore had ________ incomes in 1960 than the United States and Switzerland, and Taiwan, Korea, and Singapore grew ________ than the United States and Switzerland between 1960 and 2010. A) lower; more rapidly B) greater; more rapidly C) greater; less rapidly D) lower; less rapidly
Compensation of employees
a. is included in the expenditure approach to GDP accounting b. is part of consumption expenditures c. is the largest component of national income d. excludes contributions to employees' Social Security e. includes rental income
Free trade
What will be an ideal response?