Forty or so dealers establish a "market" in these securities by standing ready to buy and sell them
A) secondary stocks
B) surplus stocks
C) U.S. government bonds
D) common stocks
C
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One World View article is titled "Bono Says "Stupid" to Pay Irish Taxes."" The band U2 moved its corporate headquarters to Amsterdam because the Irish government
A. Capped remittances to band members in other countries. B. Capped tax-free royalty income at $360,000. C. Raised taxes on corporate profits. D. Raised marginal tax rates on upper-income earners.
Which phase of the business cycle would be most closely associated with an economic contraction?
a. Recession b. Trough c. Peak d. Recovery
Entitlements have a great deal in common with
A. private savings plans. B. defined benefit pension programs. C. defined contribution programs. D. Ponzi schemes.
Tickets to a sporting event go on sale and sell out almost instantly. This suggests that
A. There is a surplus of tickets. B. The tickets must be very expensive. C. There are too many tickets to the event. D. The price for the tickets is below the equilibrium price.