Which legal claim has a fixed annual coupon payment?
A) common stock
B) preferred stock
C) bond
D) reinvestment
Answer: C
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An implication of the median voter theorem is that, in a race between Republicans and Democrats,
a. if Republicans want to win, they will take a "middle-of-the-road" stance on many issues. b. if Democrats want to win, they will take an extreme stance on many issues. c. Republicans and Democrats go to extremes to differentiate themselves from one another. d. Republicans and Democrats work hard to identify the fringe voters.
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.
At which of the following price levels would a shortage occur in Figure 8.4?
A. P1. B. P2. C. P3. D. P4.
Competitive markets usually promote the efficient use of resources. This is because
A. resource owners bear the wealth effects of their decisions. B. markets usually make equitable choices first. C. consumers price makers D. managers always have the proper incentives to make decisions.