A share representing a portion of ownership in a corporation:
a. liability
b. dividend
c. note of Stockholm
d. stock
e. bond
Ans: d. stock
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Resources include
A. land, labor and money. B. entrepreneurship and capital. C. capital and money. D. corporations and partnerships.
Which of the following situations best describes an individual who is cyclically unemployed?
A) Catherine is a ski instructor who is not working because it is summer. B) Matthew was an artillery man, but he has been unable to find work since he left the army. C) Nicholas was laid-off when orders for General Motors cars fell during a recession. D) Susan quit her job as a preschool teacher to try to find a better paying job.
U.S. nominal GDP: a. has historically increased more slowly than real GDP. b. has historically increased more rapidly than real GDP. c. includes an estimate of the value of leisure time
d. includes an estimate of underground productive activity.
If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is
A) 2000.
B) 400.
C) 100.
D) 20.