An individual who arranges for buyers and sellers to exchange securities and earns a commission in return is a
A) dealer.
B) auctioneer.
C) broker.
D) underwriter.
C
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One factor which brought on the recession of 2007-2009 was the financial crisis in 2008
Indicate whether the statement is true or false
One advantage market economies have over centrally-planned economies is that market economies
a. provide an equal distribution of goods and services to households. b. establish a significant role for government in the allocation of resources. c. solve the problem of scarcity. d. are more efficient.
Economists who prefer a broader definition of money prefer the:
A. M1 measure of the money supply to the M4 measure. B. M2 measure of the money supply to the M1 measure. C. M5 measure of the money supply to the M2 measure. D. M1 measure of the money supply to the M2 measure.
An upward-sloping supply curve implies that:
A. quantity supplied increases when price decreases. B. there is no relationship between price and quantity supplied. C. quantity supplied increases when price increases. D. the law of supply is invalid.