In a corporation, the stockholders are the
A) principals.
B) agents.
C) level coordinators.
D) entrepreneurs.
A
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Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. modest decreases B. no change in C. substantial increases D. modest increases
In 2006, the European Union (EU) threatened to ban imports of long-grain rice because traces of genetically modified rice were found mixed in to commercial supplies. Instead of a ban, suppose the EU placed a tariff on the import of long-grain rice
Which of the following would be an outcome of this tariff? A) The EU would gain tariff revenue. B) Deadweight loss would decrease. C) European rice producers would decrease production. D) The price of long-grain rice in the EU would not change.
Following housing market collapse, U.S. personal saving rates have
A) increased. B) decreased. C) remained the same. D) data not yet available.
According to classical economists, market-driven economies
A. Are inherently unstable. B. Require government intervention. C. Are always in long-run equilibrium. D. Are typically self-adjusting.