If the Apple corporation sells a bond it is
a. borrowing directly from the public.
b. borrowing indirectly from the public.
c. selling shares of ownership directly to the public.
d. selling shares of ownership indirectly to the public.
a
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The notion of reciprocity means that one nation will impose import restrictions on another in order to:
a. stimulate an increase in trade restrictions in the latter. b. stimulate a decrease in trade restrictions in the latter. c. eliminate trade restrictions immediately in both countries. d. improve the government revenue collections through tariffs in both countries. e. enforce standards of product quality in the latter.
The difference between the amount a seller receives for a good and the lowest amount for which he would sell the good is called
A) producers' surplus. B) windfall gain. C) consumers' surplus. D) excess profit.