All of the following take place in the direct finance market except
A) ownership in corporations is sold in the form of common stock.
B) deposits from savers are accumulated and loans made to borrowers.
C) ownership in corporations is sold in the form of preferred stock.
D) corporate bonds are sold to savers.
Answer: B
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Suppose that the price of cornflakes is $3 per box and the price of oatmeal is $4.50 per box. Both boxes contain the same number of ounces of cereal. The relative price of cornflakes in terms of oatmeal is
A) 0.67. B) 1.0. C) 0.75. D) 1.50.
Suppose that florists and landscape workers are not unionized. If florists unionize, then the wages of
a. florists will rise, and the wages of landscape workers will fall. b. florists will fall, and the wages of landscape workers will rise. c. both florists and landscape workers will rise. d. both florists and landscape workers will fall.