When you purchase a share of stock, you are
A. borrowing funds from the corporation.
B. lending funds to the corporation.
C. selling an ownership right in the corporation.
D. acquiring an ownership right in the corporation.
E. b and d
Answer: D
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Strategic trade policy
a. argues for protecting certain industries that benefit society but that may not thrive in a free trade environment b. advocates quotas on imports of high-tech products c. defends the use of tariffs to protect monopolistically competitive industries d. has been used to justification protection of infant industries e. explains why less developed countries export more raw materials than services
When a country experiences capital flight its
a. net capital outflow increases and its real exchange rate rises. b. net capital outflow increases and its real exchange rate falls. c. net capital outflow decreases and its real exchange rate rises. d. net capital outflow decreases and its real exchange rate falls.
Barbara, the consummate hostess, proudly announced as she served dessert, "A port is often the perfect end to a meal, sipped with a piece of my scrumptious chocolate cake." Evidently, Barbara views port and chocolate cake as
A) luxury items. B) complementary goods. C) necessities. D) substitutes for other desserts.
Figure36-8
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Which of the graphs in Figure 36-8 illustrates the AD–AS shifts associated with an expansionary monetary policy?
A. 1 B. 2 C. 3 D. 4