Which of the following does not take place in the direct finance market?
A) Ownership in corporations is sold in the form of preferred stock.
B) Ownership in corporations is sold in the form of common stock.
C) Corporate bonds are sold to savers.
D) Deposits from savers are accumulated and loans made to borrowers.
D
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Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 2%; scenario B has an average annual growth of 8%. The nation's real GDP would double in about
A. 36 years under scenario A, versus 18 years under scenario B. B. 18 years under scenario A, versus 9 years under scenario B. C. 36 years under scenario A, versus 9 years under scenario B. D. 25 years under scenario A, versus 12.5 years under scenario B.
Which of the following pairs of goods is likely to have a negative cross-price elasticity of demand?
A) pancakes and syrup B) orange juice and grapefruit juice C) peanuts and cat food D) hot dogs and hamburgers
The infant industry argument is that:
a. those industries that produce products for infants should be protected. b. protectionism will provide consumers with lower prices. c. protectionism should be used to create a level playing field for the domestic firms to compete with foreign firms. d. protectionism promotes complete specialization in the country on the basis of comparative advantage. e. new industries should be protected from foreign competition until they have had adequate time to develop.
One popular measure to describe the relationship between the dependent variableyand each explanatory variable is the:
A. ?standardized effect. B. ?interaction effect. C. ?average partial effect. D. ?partial effect.