A bond is
A) a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation.
B) the share of profits distributed to bondholders.
C) a promise to pay for the use of someone else's money.
D) a promise of ownership of the government.
E) c and d
C
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Based on the data provided in the chapter, which of the following represents the largest component of the labor force?
A) discouraged workers B) retired individuals C) employed D) unemployed
What is one reason drunk driving is held in such disrepute?
A) Drunk driving imposes high potential costs on non-drunk drivers. B) Drunk driving destroys cars and telephone poles, causing disruption in essential services. C) Only drunk drivers cause automobile fatalities. D) Drunk drivers impose high potential costs on other drunk drivers.
Assume that the MPC is 0.9. If government purchases increase by $100, equilibrium output ________; and if taxes increase by $100, equilibrium output ________.
A. increases by $1,000; decreases by $900 B. increases by $1,000; decreases by $1,000 C. increases by $400; decreases by $400 D. increases by $900; decreases by $1,000
Applying supply and demand analysis, other factors held constant, the steeper the supply curve (more elastic), the larger the burden of a sales tax that is borne by the sellers
a. True b. False Indicate whether the statement is true or false