A creditor of a corporation holds
a. bonds sold by the corporation. If the corporation experiences financial difficulties stock holders are paid before bond holders.
b. bonds sold by the corporation. If the corporation experiences financial difficulties bond holders are paid before stock holders.
c. stocks sold by the corporation. If the corporation experiences financial difficulties stock holders are paid before bond holders.
d. stocks sold by the corporation. If the corporation experiences financial difficulties bond holders are paid before stock holders.
b
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Assume that Germany can produce 10 million bottles of beer or 4 million bottles of vodka. Further assume that Russia can produce 7 million bottles of beer or 3 million bottles of vodka. As a result, which of the following is true with regard to absolute and comparative advantage?
a. Germany has the absolute advantage in beer and the comparative advantage in beer. b. Germany has the absolute advantage in beer and the comparative advantage in vodka. c. Russia has the absolute advantage in beer and the comparative advantage in beer. d. Russia has the absolute advantage in beer and the comparative advantage in vodka.
Equilibrium is the point where total spending equals total output, or GDP
a. True b. False Indicate whether the statement is true or false
Waterview Corp, a local water supplier, incurs a fairly minimal marginal cost to provide water services to an additional home in its area of operation. This implies that the water supplier: a. experiences economies of scale
b. has inferior technology. c. has an infinite stock of raw materials. d. practices perfect price discrimination.
Dilbert's Incorporated produced 6,000,000 units of software in 2010 . At the start of 2011 the pointy-haired boss raised employment from 10,000 total annual hours to 14,000 annual hours and production was 7,000,000 units. These number indicate that productivity
a. fell by about 16.7%. b. stayed the same. c. rose by about 16.7%. d. rose by about 40%.