Stockholders share in the profits of a corporation
a. in proportion to their years of stock ownership
b. in proportion to their ownership of stock
c. equally regardless of number of shares owned
d. only if they participate in firm management decisions
e. only if they attend stockholders' meetings
B
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When a price support is set below the equilibrium price, producers ________ the quantity supplied, and consumers ________ the quantity demanded
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) do not change; do not change
Unemployment that results from a mismatch of workers' abilities and skills with current requirements of employers is
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
An economy where private individuals guided by the invisible hand make decisions is known as a:
A. socialist economy. B. centrally planned economy. C. barter economy. D. market economy.
Farmers can produce wheat and/or rice. What will happen in the wheat market if there is an increase in the price of rice?
A. Wheat supply will increase. B. Wheat supply will decrease. C. Wheat demand will increase. D. Wheat demand will decrease.