Exchanges of stocks take place
A. in the principle financial city of each country, such as New York City for the United States and London for England.
B. in a decentralized fashion around the world.
C. in New York City only.
D. in centralized physical locations known as stock exchanges and online through Internet brokers.
Answer: D
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? PriceQuantity Demanded Quantity Supplied $101,000 5,500 92,0005,00083,0004,50074,0004,00065,0003,50056,0003,00047,0002,50038,0002,00029,0001,500110,0001,000? Refer to Table 4-1. What is the equilibrium price in the example above?
A. $9 B. $8 C. $7 D. $6 E. $5
If the backward-bending supply curve for labor has relevance for public finance, it is because _____
a. at really high wage rates there will be insufficient labor to meet aggregate demand b. there is a trade-off between leisure and labor c. income taxes do no raise sufficient revenue to pay for public goods because individuals consume too much leisure d. taxpayers are not receiving as much utility from public sector output as they are losing through the income effect associated with income taxes
In the Yap civilization of the South Pacific prior to 1920, large, heavy stones in the shape of a wheel were used as money. Which function of money was probably least served by this form of money?
A) medium of exchange B) store of value C) unit of account D) store of wealth
On health care issues, the U.S. generally spends
A. much more as a percentage of GDP than other nations. B. much less as a percentage of GDP as other nations. C. almost exactly the same percentage of GDP as other nations. D. a more rapidly decreasing percentage of GDP than other nations.