____ is the income actually available to the consumers that determines aggregate demand.
A. Nominal income
B. Net domestic product
C. Income corrected for depreciation
D. Disposable income
Answer: D
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Jane produces only corn, measured in tons, and cloth, measured in bolts. For her, the opportunity cost of one more ton of corn is
A) the same as the opportunity cost of one more bolt of cloth. B) the inverse of the opportunity cost of one more bolt of cloth. C) the ratio of all the bolts of cloth she produces to all the tons of corn she produces. D) the ratio of all the tons of corn she produces to all the bolts of cloth she produces.
When Twitter sells newly issued shares of stock this is an example of
A) indirect finance in a primary market. B) direct finance in a primary market. C) direct finance in a secondary market. D) indirect finance in a secondary market.