Households purchase stocks and bonds from firms in the ________ market.
A. goods-and-services
B. money
C. foreign exchange
D. labor
Answer: B
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Billy's income elasticity of demand for ground beef is -0.5 and his income elasticity of demand for pork chops is 1.2 . Is ground beef a normal or inferior good? Explain. What about pork chops?
What will be an ideal response?
The currency crisis of 1992 caused France and a number of other countries to choose between
A) a single currency for the EU and keeping their own currency. B) doing the right thing for their domestic economy and defending the exchange rate. C) lowering interest rates and reducing unemployment. D) competitive devaluations and falling unemployment. E) the Maastricht Treaty and the Single European Act.
Karina likes to keep her assets in many forms. She has invested in stocks, purchased some valuable pieces of jewelry, deposited money into a retirement account, and added money to her checking account. Which of Karina’s assets is most liquid?
a. her checking account b. the valuable jewelry c. the stocks d. her retirement account
Some economists contend that in-kind transfers should be included in the calculation of an individual's income because
A. in-kind items do not cost anything B. simple money income is not a complete measure of one's command over goods and services C. in-kind items make a person "better off" than the person's actual money income would lead us to believe. D. b and c