What happens in the secondary market?
A) a corporate financial manager will raise funds for expansion of the firm
B) secondary inputs like electricity are sold
C) newly issued claims are sold by the borrowing firm to the initial buyer
D) already issued claims are sold from one investor to another
D
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Which of the following is an example of transitory income?
a. John's $30,000 per year salary as a junior high school science teacher b. Linda's $40,000 per month income from bond market investments c. Paul's $15 per week earnings from selling aluminum cans he collects from along the side of the road d. Ringo's $100 prize for winning a radio talk-show contest e. George's $6,000 per year earnings in his second job, moonlighting as a clerk in a video rental store
If there is a technology improvement in a unionized labor market, this will
a. decrease the demand for labor, and the union will accept lower wages or fewer workers hired b. increase the demand for labor, and the union will accept lower wages or fewer workers hired c. decrease the demand for labor, and the union will demand higher wages or more workers hired d. increase the demand for labor, and the union will demand higher wages or more workers hired e. not affect the demand for labor, wages, or workers hired