If you purchase a share of stock from your friend who initially ...

[AEWBW]

If you purchase a share of stock from your friend who initially purchased the stock three years ago, your purchase of the stock represents a transaction in the secondary financial market
 
  Indicate whether the statement is true or false

Question 2

How is the gain from imports distributed between consumers and domestic producers?
 
  What will be an ideal response?

[JYan]

Answer to Question 1

TRUE

Answer to Question 2

Consumers gain from imports and domestic producers lose from imports.