QUESTION 7 if the Coca-Cola corporation sells a bond it is a borrowing directly from the public. b. borrowing indirectly from the public. c. selling shares of ownership directly to the public. d. selling shares of ownership indirectly to the public QUESTION 8 Which of the following is correct? a. When a union is present in a labor market, wages are determined by the equilibrium of supply and demand. b. Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power. c. The process by which unions and firms agree on the terms of employment is called strike. d. Most workers in the U.S. economy are members of a union. QUESTION 9 Pfizer has developed a vaccine that would stop spreading COVID-19. Other things the same we would expect a. the demand for existing shares of stock in this company to decrease, so the price would fall. b. the demand for existing shares of stock in this company to increase, so the price would rise. c. the supply of existing shares of stock in this company to decrease, so the price would fall d. the supply of existing shares of stock in this company to increase, so the price would rise