Which of the following is not a reason to hold stock?
A. To receive potential capital gains.
B. To receive payments on the firm's debt.
C. To take part in the selection of the board of directors.
D. To receive potential dividends.
Answer: B
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Assume that Figure 4-16 shows the supply of steak. An increase in the price of pork will change the supply from
a. S1to S2. b. S2to S1. c. S2to S3. d. S1to S3.
If this year's price level is 126 and last year's price level was 120, the inflation rate is ________
A) 0.95 percent a year B) 5 percent a year C) 6 percent a year D) 1.05 percent a year
If a country has lower overall productivity levels than its trading partners, then it will
A) be unable to export. B) have a trade deficit. C) not be able to obtain gains from trade. D) have a lower standard of living than its trading partners. E) All of the above.
According to the text, approximately how many countries are members of the WTO?
A) 100 B) 135 C) 150 D) 180