The supply curve for one firm resembles ______.
a. an ellipse
b. a staircase
c. a pine tree
d. a ski slope
b. a staircase
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When you deposit a $50 bill in the Security Pacific National Bank
A) its liabilities decrease by $50. B) its assets increase by $50. C) its reserves decrease by $50. D) its cash items in the process of collection increase by $50.
What is the "underwriting spread?"
A) the average percentage of the total bond issue handled by a member of an underwriting syndicate B) the difference between the price the underwriters receive and the price they pay the borrower C) the length of time the underwriter agrees to withhold the bonds from the primary market D) the number of financial institutions in the underwriting syndicate
e-Bay
Find the price of a new Fender Squier Stratocaster guitar on eBay (you may use either the “Buy it Now” price or the final sale price from a recent auction). Compare this to the price of a new Fender Squier Stratocaster at Sam Ash and Musician’s Friend. Questions:
- How do the prices compare? Are the prices fairly close?
- Does the existence of the internet reduce price differences among sellers for products such as this?
- Revisit eBay and search for a Fender Stratocaster produced between 1960 and 1979. State the price (the final sale price or the “Buy it Now” price) and the vintage of the item you found. Has the availability of sites such as eBay made it easier to find such items? How does this affect the gains to trade for buyers and sellers?
Looking at the _________ approach to GDP accounting, the largest component of GDP in 2003was _______
a. expenditure; government purchases b. national; proprietor's income c. national income; net interest d. expenditure; personal consumption expenditures e. expenditure; compensation of employees