Direct finance includes the sale by a corporation of stocks or bonds, but does not include borrowing money from a bank
Indicate whether the statement is true or false
TRUE
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In the table shown above, the total cost of the market basket in 2015 was
A) $6.00. B) $8.50. C) $60.00. D) $85.00.
The socially optimal amount of pollution abatement may be less than 100 percent
a. True b. False
The national debt is unlikely to cause national bankruptcy because the:
a. national debt can be refinanced by issuing new bonds. b. interest on the public debt equals GDP. c. national debt cannot be shifted to future generations for repayment. d. federal government cannot refinance the outstanding national debt.
According to the search model developed by Stigler, when there are search costs, sellers know that consumers are becoming acquainted with product prices and consequently set the same price. In contrast, if there are no search costs, different prices can persist over time
Indicate whether the statement is true or false