When Zynga, the company behind the social games CityVille and Words With Friends, sold stock to the public for the first time in December 2011, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers,
the sales take place in a ________ market.
A) primary; primary
B) primary; secondary
C) secondary; primary
D) secondary; secondary
Answer: B
Economics
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As an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely: a. increases
b. remains constant. c. falls. d. falls and then rises.
Economics
Most economists think that, in the short run, there is
a. a trade-off between inflation and unemployment, but not in the long run. b. no trade-off between inflation and unemployment, nor is there one in the long run. c. a trade-off between inflation and unemployment, and in the long run also. d. no trade-off between inflation and unemployment, but there is one in the long run also.
Economics