If a person owns 51 percent of the common stock in a corporation,
a. that person receives all of the corporation's profits
b. that person is the only one allowed to vote at shareholder meetings
c. that person loses the protection of limited liability
d. that person can effectively control the business
e. the corporation now becomes a sole proprietorship
D
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The relative amounts of the goods that will be exchanged for each other in trade refers to the nations'
A) autarky status. B) absolute advantages. C) terms of trade. D) production possibilities.
The table shows the distribution of human and non-human capital for two people, Sam and Janet
a) Looking just at tangible assets (non-human capital), by how many times does Janet's wealth exceed Sam's? b) Assume that both human and non-human capital earn a 10 percent annual interest rate. Calculate Sam's and Janet's total income. c) By how many times does Janet's total income exceed Sam's? d) Which comparison results in a more equal distribution? e) Which comparison gives a better indication of each person's economic condition?
GDP equals $8 trillion. If consumption equals $5.5 trillion, investment equals $500 billion, and government spending equals $1.5 trillion, then:
a. exports exceed imports by $500 billion. b. imports exceed exports by $500 billion. c. net exports equal zero d. exports exceed imports by $1 trillion.
Compared to traditional bank loans, microfinance loans have all of the following characteristics except
A. they are much smaller. B. they are made more frequently to women than to men. C. they have repayments that begin at a much later date. D. they require no collateral.