Most Households That Buy and Sell Securities Do So

question 41

Multiple Choice

Most households that buy and sell securities do so:

• A)from a bank teller.
• B)in the primary market.
• C)in the tertiary market.
• D)in the secondary market.

---

Definitions:

Resource Combination

The process of organizing and combining different resources like capital, labor, and raw materials, to produce goods or services.

MRPS

Marginal Revenue Product of Labor, a measure of the additional revenue generated by hiring an additional worker, holding other factors constant.

Profit-maximizing Rule

A principle guiding businesses to set their output and prices at levels where marginal cost equals marginal revenue to maximize profit.

Cost-minimization Rule

A principle suggesting that firms seek to produce any given level of output at the lowest possible cost.