What happens in the secondary market?
A) secondary inputs like electricity are sold
B) a corporate financial manager will raise funds for expansion of the firm
C) newly issued claims are sold by the borrowing firm to the initial buyer
D) already issued claims are sold from one investor to another
Answer: D
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Refer to the scenario above. If there is fairness penalty of $12, ________
A) this game will no longer have a Nash equilibrium B) this game will have two Nash equilibria C) Nash equilibrium will occur when both of you choose "friend" D) Nash equilibrium will occur when both of you choose "foe"
If exports are being excluded unfairly from a market, the World Trade Organization (WTO) may authorize
A. Other nontariff barriers. B. Quotas. C. Retaliatory tariffs. D. Retaliatory comparative advantages.
Most economists would place the costs of a new public transit system in the
A. smart budget. B. capital budget. C. operating budget. D. social budget.
Of the following countries which are recognized as socialist systems?
A. Sweden. B. Greece C. Canada. D. All of these countries have socialist systems.