What takes place in the indirect finance market?
A) Part ownership of corporations is sold in the form of stocks.
B) Corporate and government bonds are sold to savers.
C) Deposits of savers are accepted and lent to borrowers.
D) Government purchases of buildings and equipment are sold to the highest bidder.
Answer: C
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Suppose in the beginning of 2013, a country has a national debt of $8,000 billion. Its GDP in 2013 is $32,000 billion and its budget deficit of $1,600 billion. Compute its debt-GDP ratio at the end of the year.
A) about 5. 0% B) about 20,0% C) about 25.0% D) about 30%
A non-discriminating monopolist's price equals its marginal revenue only when
A. marginal revenue is zero. B. output is zero. C. total revenue is a maximum. D. the monopolist's demand schedule intersects the horizontal (quantity) axis.