The Basic Difference Between Brokers and Dealers Is That

question 82

Multiple Choice

The basic difference between brokers and dealers is that:

• A) brokers can trade only on organized exchanges and dealers can trade only over-the-counter.
• B) brokers own the securities they trade and dealers act as agent for buyer and seller.
• C) dealers own the securities they trade and brokers act as agent for buyer and seller.
• D) There is no difference.

Analyze the impact of population changes on GDP and real GDP per capita.

Identify which components are included and excluded in the calculation of GDP.

Understand the economic implications of net exports being positive or negative.

Understand the positive impacts of rule of law and fair rules in society and workplaces.

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Definitions:

Relative Deprivation

The perception that one is worse off relative to those with whom one compares oneself.

J-curve

An economic theory describing a country's trade balance that initially worsens following a depreciation of its currency but then improves beyond its original level.

Social Unrest

A situation where a significant number of people in a community express dissatisfaction with socio-political conditions, potentially leading to protests or violence.

Collective Action

The action taken together by a group of people whose goal is to enhance their status and achieve a common objective.