Firms may easily enter a monopolistically competitive market
a. True
b. False
A
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Which legal claim comes with the most preferential treatment in the payment of dividends?
A) common stock B) preferred stock C) bond D) reinvestment
A system of allocating scarce goods and services using some criteria other than price:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
With a tax of $4,000 on $24,000 taxable income, the average tax rate is
A. 16.67 percent B. 20 percent C. 23.45 percent D. 25 percent