The secondary market for bonds is
a. where new issues of bonds are purchased
b. of less importance to our economy than is the primary market
c. of less importance to our economy than the stock market
d. where bonds that were issued in previous periods are purchased
e. a key determinant of the money supply
D
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In choosing between apartments in two different locations, the marginal commuting cost is given by:
A) the commuting cost from the apartment located closer to the destination. B) the sum of the commuting cost from each apartment to the destination. C) the commuting cost from the apartment located farther away from the destination. D) the difference between the commuting cost from two different apartments to the destination.
The marginal revenue product of an input is the marginal physical product times the price per unit of output under perfect competition
a. True b. False Indicate whether the statement is true or false