Kendrick wants to start a tax preparation company and is going to his bank to borrow $50,000. This is an example of
A) a primary market transaction. B) indirect finance.
C) a secondary market transaction. D) direct finance.
B
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The U.S. government enacted minimum wage legislation to protect skilled workers.
Answer the following statement true (T) or false (F)
Each person who is 16 years or older is considered to be in one of the following categories:
A. employed, unemployed, or discouraged worker. B. part-time worker, full-time worker, or out of the labor force. C. part-time worker, full-time worker, or unemployed. D. employed, unemployed, or not in the labor force.
Between 2007 and 2009 our trade deficit
A. fell substantially. B. remained about the same. C. rose about 40 percent. D. almost doubled. E. more than quadrupled.
In which of the following ways is a monopolistically competitive firm like a perfectly competitive firm?
A. Short-run economic profits are always positive. B. Long-run economic profits are negative. C. Long-run economic profits are positive. D. Long-run economic profits are equal to zero.