Indirect stock ownership means that a person
a. buys stocks through a stockbroker
b. puts money into financial intermediaries that buy stocks
c. has a friend buy stocks so that the IRS won't know about it
d. puts money into a partnership rather than a corporation
e. buys bonds instead of stocks when the interest rate is high
B
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A ________ can price discriminate if, in part, it ________
A) natural monopoly; is the only seller of a good or service B) monopoly; can prevent resales of its product C) monopoly; is the only seller of a good or service D) perfectly competitive firm; can sell goods at a lower price than a monopoly E) perfectly competitive firm; changes from a price taker to a price maker
Which of the following is not a component of consumption?
A) nondurable goods B) purchase of a new condominium C) education expenses D) none of the above