Which of the following can only be sold back to the firm that issued them?
A) exchange-traded funds B) mutual funds
C) bonds D) stocks
B
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The budget line can shift or rotate
A) only when income changes. B) only when prices change. C) when either income or prices change. D) None of the above, because changes in income and prices do not shift or rotate the budget line.
How is average variable cost calculated? If a firm has total variable costs of $19,200 when producing 575 units, what is the firm's average variable cost?
What will be an ideal response?
The monopolist's cost curves differ from those of a perfectly competitive firm in that the:
A. marginal cost curve is downward sloping instead of flat. B. average total cost curve is not necessarily minimized where it crosses marginal cost. C. average variable cost in no longer equal to marginal cost. D. The cost curves are the same for a firm regardless of market structure.
Which one of the following is a tool of monetary policy for altering the reserves of commercial banks?
a. Budget surplus or budget deficit b. Federal Reserve Notes c. Treasury deposits d. Reserve ratio