Which of the following is included in Gross Domestic Product (GDP)?
A. purchases of stocks and bonds by individuals
B. sales of financial assets to foreign firms
C. purchases of stocks and bonds by firms
D. investment spending on capital goods
Answer: D
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A shift in the demand curve means which of the following?
a) a change in demand at every price b) a rise in prices c) a decrease in both price and quantity demanded d) a change in consumer income
Because of the adverse selection problem
A) good credit risks are more likely to seek loans causing lenders to make a disproportionate amount of loans to good credit risks. B) lenders may refuse loans to individuals with high net worth, because of their greater proclivity to "skip town." C) lenders are reluctant to make loans that are not secured by collateral. D) lenders will write debt contracts that restrict certain activities of borrowers.