If you want to vote for the management of the corporation, you should buy
A) common stock.
B) preferred stock.
C) bonds.
D) either common stock or preferred stock.
A
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If output decreases, which of the following would occur?
a. Prices of non-labor inputs, input requirements per unit of output and unit costs would all increase and the economy would move upward along the aggregate supply curve. b. Prices of non-labor inputs, input requirements per unit of output and unit costs would all decrease and the economy would move upward along the aggregate supply curve. c. Prices of non-labor inputs, input requirements per unit of output and unit costs would all increase and the economy would move downward along the aggregate supply curve. d. Prices of non-labor inputs, input requirements per unit of output and unit costs would all decrease and the economy would move downward along the aggregate supply curve. e. Prices of non-labor inputs would decrease, input requirements per unit of output would increase and the economy would move upward along the aggregate supply curve.
Under monopoly, resources are allocated as efficiently as in perfect competition
a. True b. False Indicate whether the statement is true or false
Which of the following is a partially valid economic argument for restricting free trade?
a. Restrictions on foreign trade will increase employment and permanently reduce unemployment. b. Infant industries may need temporary protection to develop and gain productive efficiency. c. A nation needs to protect its national defense; hence, it should restrict some products that threaten an industry considered vital to its defense. d. Both b and c are correct.
Fiscal policy is
A. periodic fluctuations in the level of economic activity. B. manipulation of the money supply and credit in the economy to reduce fluctuations in the business cycle. C. government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle. D. the sum of government agricultural subsidies plus transfer payments.