Convertible stockholders are paid dividends before common and preferred stockholders
Indicate whether the statement is true or false
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The Congressional Budget Office estimates that most of the increase in federal spending on Medicare and Medicaid will be due to
A) increases in immigration. B) the aging population. C) declining income levels. D) increases in the cost of providing health care.
Why are transfer payments excluded from government expenditure in the national income accounts?
What will be an ideal response?
If a good had a zero price (i.e., the good was free), a rational person would consume
A. The good until the marginal utility was maximized. B. The good until total utility was zero. C. An infinite amount of the good. D. The good until the marginal utility of the last unit was zero.
Which of the following statements is true about risk management in market systems versus command systems?
A. Market systems manage risk better because entrepreneurs taking risks bear the costs of poor decisions, where in command systems government decision makers don't bear those costs. B. Neither system is better than the other in terms of risk management; both systems are equally susceptible to natural disasters and changes in consumer preferences. C. Command systems manage risk better because the government controls most economic activity and can therefore eliminate risk. D. Market systems face risk because of the possibility of profits and losses; command systems don't face risk because they are not profit driven.