A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership

Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:

A) has asymmetric information. B) is perfectly competitive. C) is monopolistically competitive. D) has only one seller.

The chain-weighted output index method of measuring real GDP is based on

A) using current prices rather than base year prices. B) averaging the market value of the expenditures over a two year period and then comparing with a base period. C) using the prices of two adjacent years to calculate the growth rate of real GDP. D) averaging the nominal and real measures of GDP to come up with a more accurate figure.