A "primary market" is a market
A) for government securities.
B) in which newly issued claims are sold to buyers by borrowers.
C) in which newly issued claims are sold by savers to borrowers.
D) for debt by large or "primary" corporations.
B
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Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the area representing the portion of consumer surplus transferred to producers as a result of the price floor?
A) A + B B) B C) A D) B + C
A consumer values a car at $525,00 . and a producer values the same car at $485,000 . If sales tax is 8% and is levied on the buyer, then the buyers top dollar price is
a. $525,000 b. $523,800 c. $485,000 d. $486,111
What is 25 percent of 200?
A. 25 B. 8 C. 100 D. 50
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. This farmer's fixed costs are
A. $0. B. $24. C. $45. D. indeterminate unless we know the level of output the firm is producing.