Describe the two methods of organizing a secondary market
What will be an ideal response?
A secondary market can be organized as an exchange where buyers and sellers meet in one central location to conduct trades. An example of an exchange is the New York Stock Exchange. A secondary market can also be organized as an over-the-counter market. In this type of market, dealers in different locations buy and sell securities to anyone who comes to them and is willing to accept their prices. An example of an over-the-counter market is the federal funds market.
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Macroeconomics seeks to understand
A) product demand, product cost, and profit maximization. B) industry sales, marketing strategies, and corporate growth. C) public choices, private choices, and consumer maximization. D) economic growth, business cycles, and inflation.
One of the primary reasons tax withholding was instituted was _____
a. help speed up payments to the government b. decrease the government's record-keeping burden c. to improve the ability to audit individuals d. so that top marginal tax rates could be tripled
In a competitive market, profit can be considered a reward to businesses that
a. produce a good that consumers value more highly than its component resources. b. reduce the value of resources used as inputs in production. c. prohibit rival firms from entering the market and competing. d. control costs, rather than following the wishes of consumers when deciding what products to produce.
The gross domestic product (GDP) concept accounts for society's valuation of the relative worth of goods and services by using:
A. A measure of physical weight B. A measure of volume C. A utility measure D. A monetary measure