Newly issued stocks and bonds are bought and sold in
A) primary markets.
B) auction markets.
C) futures markets.
D) commodity markets.
A
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Net investment
A) equals gross investment plus depreciation. B) is the only measure of investment used to calculate GDP. C) equals gross investment minus depreciation. D) is equivalent to the existing capital stock in the economy.
When the United States sends money to Indonesia to help tsunami survivors, in what account is this transaction recorded?
A) the current account B) the capital account C) the financial account D) the foreign exchange account
Because the banking system operates using fractional reserves,
a. the money multiplier is greater than one b. excess reserves are equal to zero c. required reserves are equal to 100 percent d. banks can loan out only their required reserves e. the money multiplier must be equal to zero
The benefits principle is used to justify
a. sales taxes. b. gasoline taxes. c. "sin" taxes on cigarettes and alcoholic beverages. d. personal income taxes.