Which of the following are typically financed in a "bond market"?
i. a mortgage for a house
ii. state government borrowing for a new road project
iii. your purchase of 4000 shares of stock in Google
A) ii and iii B) ii only C) i only D) i and iii E) i and ii
B
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Explain how labor unions may create structural unemployment
What will be an ideal response?
A cartel is a group of firms
A) acting separately to limit output, lower price, and decrease economic profit. B) acting together to limit output, raise price, and increase economic profit. C) legally fixing prices. D) acting together to erect barriers to entry. E) that compete primarily with each other rather than the other firms in the market.
A closer relationship exists between GDP and nonresidential investment than between business profits and investment spending
Indicate whether the statement is true or false
Refer to the above figure. The rightward shift of the curve could have been caused by
A) a technological improvement. B) a technological setback. C) an increase in income. D) a decrease in income.