One of the first issuances of stock was offered by the:
A. South Seas Company.
B. East India Company.
C. North Seas Company.
D. Apple Company.
Answer: B
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If the Fed expects currency holdings to rise, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase B) purchases; decrease C) sales; increase D) sales; decrease
What is the main cause of shifting the aggregate supply curve?
a. Changes in productivity b. Changes in amount sold c. Changes in amount demanded d. Changes in costs
If a firm has no ______ costs, then the profit from shutting down is zero.
A. fixed B. variable C. opportunity D. sunk
Economics is the study of how people:
A. vote for political leaders. B. make choices to produce and consume goods and services. C. establish social institutions that maximize well-being. D. develop value systems.