Can a financial instrument be bought and sold in both a primary and secondary financial market? Explain.
What will be an ideal response?
The answer is yes and highly likely. When a financial instrument is new, say a newly issued U.S. Treasury bond, it is initially sold in a primary financial market. Perhaps the bond is purchased directly by the Federal Reserve. At some later time, however, the Federal Reserve may decide to sell the bond and this transaction would be a secondary market transaction since the instrument already exists.
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Since Ditto can always be expected to choose the same activity as Dot in the copycat game
a. any move by Dot to escape from Ditto would not be a Pareto improvement. b. any move by Dot to escape from Ditto would be a Pareto improvement. c. Ditto's choice to follow Dot is a Pareto improvement over going by himself. d. Ditto's choice to follow Dot would be a Pareto improvement over playing by himself so long as Dot does not move.
The original reasons for founding the colony of Georgia do not include:
a. alleviating London of some of its poorer people. b. being a partial remedy to the injustice of debtor prisons. c. providing a buffer between the English and Spanish colonies. d. being a scheme to take advantage of desperate families.
In the long run, those who are hurt by the minimum wage are
a. employers in non-minimum wage industries b. employers who have to pay more c. consumers who have to pay more for goods d. all of these
A U.S. tariff on steel would increase the domestic quantity of steel supplied.
Answer the following statement true (T) or false (F)