What is a primary market?
A) a market where primary inputs like steel are sold
B) a market where you can sell any stocks you own as a private investor
C) a market where you can sell any bonds you own as a private investor
D) a market where newly issued claims are sold to initial buyers by the borrowing firm
D
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Of the recessions and expansions from 1950 to 1990, the common events were
a. reactions to war and oil prices b. tax increases and tax cuts c. changes in exports d. Decreases in welfare spending e. Increases and decreases in health care spending
The capricious universe view indicates that:
A. in the long run, "acts of God" have contained population growth and thus contributed to economic development. B. DVCs will obtain biological and chemical weapons and force the redistribution of world wealth. C. there is little or no correlation between one's efforts and the rewards he or she receives. D. international and civil wars have been the primary impediment to growth.