The bond market
a. is a financial market, whereas the stock market is a financial intermediary.
b. is a financial intermediary, whereas the stock market is a financial market.
c. is a financial market, as is the stock market.
d. is a financial intermediary, as is the stock market.
c
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Which of the following statements is true?
A) Marginal analysis is a key component in the process of optimization in levels. B) Only direct costs are considered when the net benefits of the alternatives are calculated. C) In both the techniques of optimization, all costs have to be converted to the same unit of measurement. D) Optimization in levels calculates the change in net benefits when a person switches from one alternative to another.
According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income
a. True b. False Indicate whether the statement is true or false
A World View article titled "Japan Sees Quake Damage Bill of Up to $309 Billion, Almost Four Katrinas" implies that the most likely impact from power shortages from this destruction would be
A. A leftward shift of aggregate supply. B. An increase in GDP. C. A rightward movement down the Phillips curve. D. A decrease in inflation.
Table 17.1Refer to Table 17.1. The marginal product of the fourth unit of labor is:
A. 40. B. 50. C. 52.5. D. 210.