A stock is:
A. a financial asset that represents partial ownership of a company.
B. a payment made periodically to all shareholders of a company.
C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest.
D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
A. a financial asset that represents partial ownership of a company.
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Sue has human capital worth $500,000 and nonhuman capital of $100,000. Todd has human capital worth $10,000 and nonhuman capital of $50,000. The return on each type of capital is 10 percent a year
Sue's income is ________ and Todd's income is ________. A) $10,000; $5,000 B) $50,000; $1,000 C) $600,000; $60,000 D) $60,000; $6,000
If at an output of 4,000 units, Sloan Company is making an economic profit and marginal profit is $20 per unit, the firm should
A. reduce output to maximize total profit. B. increase output until marginal profit falls to zero. C. do whatever is necessary to increase marginal profit. D. There is not enough information to make a decision.
During the holiday season, high-end retailers frequently place a high price on merchandise on weekends and discount the price during the week. They do this because they believe that two groups of customers exist: shoppers with little free time and bargain hunters. Bargain hunters have time to shop around and frequently shop during the week. What do economists call this price strategy used by
high-end retailers? a. oligopoly b. price discrimination c. compensating differential d. in-kind transfers
One of the features of money is its store of value. However, most people do not hold their wealth as currency. Given that currency is the most liquid type of asset, why don't people hold all their wealth as currency?