Which of the following statements about capital markets is true?
A) At one time, the U.S. capital market was larger than all other capital markets combined, but that is no longer the case.
B) The U.S. capital market is currently larger than all other capital markets combined.
C) The largest capital markets in the world today are in East Asia and Latin America.
D) There are currently large capital markets in Europe, but none in Asia.
A
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Does a 21 year old who inherited millions of dollars' worth of corporate stock and who never works supply anyone with productive services?
A) No, by definition. B) Only if her wealth is invested in capital equipment that adds to economic growth. C) Only if others are willing to pay to watch her enjoy life. D) Yes, if she supplies the services of the resources she owns.
The demand for labor is different from the demand for final goods and services because
A) the law of demand does not apply to the demand for labor. B) the demand for labor is derived from the demand for the good or service the labor is used to produce. C) it is a demand for people, not inanimate objects. D) the demand for labor is more inelastic than the demand for the goods and services produced with this labor.