In financial markets, sellers are people who:
A. have cash on hand and are willing to let others use it, for a price.
B. want to spend money on something of value right now, but don't have cash on hand.
C. want to spend money on something of big value in the future, but don't know how to save for it.
D. have cash promised to them at some future date.
A. have cash on hand and are willing to let others use it, for a price.
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All of the following take place in the direct finance market except
A) ownership in corporations is sold in the form of common stock. B) ownership in corporations is sold in the form of preferred stock. C) corporate bonds are sold to savers. D) deposits from savers are accumulated and loans made to borrowers.
Since 1970, U.S. union membership has
a. increased as a percentage of the labor force. b. declined as a percentage of the labor force. c. remained stable as a percentage of the labor force. d. become more restrictive.
According to the textbook application, California’s urban smog problem
a. diminished because of the responsiveness of U.S. automobile manufacturers b. was never addressed by state legislation c. was linked through scientific study to auto emissions in the 1950s d. all of the above
Planned consumption and planned investment are
a. the only important parts of aggregate expenditure in the U.S. economy. b. less important than government spending in the U.S. economy. c. two important components of aggregate expenditure. d. almost always equal.