The perfectly competitive firm's demand curve has
A) a negative slope.
B) a positive slope.
C) a slope of infinity.
D) a slope of 0.
Answer: D
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Which of the following is a stock?
A. Saving B. Income C. Wealth D. Consumption
In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the inflation rate in 2013?
A) 69 percent B) zero C) 31 percent D) 2 percent
Your loss from an increase in interest rates is ________, and your gain from a decrease in interest rates is ________, if you hold a two-year bond compared to holding a one-year bond
A) greater; greater B) greater; less C) less; greater D) less; less
If a company is liquidated, common stockholders ______.
a. are entitled to nothing and lose their investment b. receive their dividends first, before any of the company’s other obligations are met c. are obligated to pay any debts remaining after the company’s assets have been sold d. receive all remaining corporate assets after the company’s debts and preferred stockholders have been paid