A major advantage to owners of preferred stock over common stock is that owners of preferred stock have voting rights
Indicate whether the statement is true or false
F
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_______________ sold low-priced, prefabricated homes to people who wanted to move to the suburbs after World War II.
A. Andrew Carnegie B. William Levitt C. Henry Ford D. Cyrus McCormick
Is the following quote correct? "Here's the law of demand in a nutshell: The higher the price, the lower the demand."
A) Yes, it is totally correct. B) No. It would be correct if it were to also say "other things constant." C) No, because it confuses demand and quantity demanded. D) No, because the law of demand does not apply to nutshells.
If Mario's Pizza offers consumers who purchase one medium sized pizza a second pizza at half price, this is an example of ________.
A) third-degree price discrimination B) second-degree price discrimination C) first-degree price discrimination D) zero-degree price discrimination
The equilibrium wage rate in an industry is determined by
A) finding where the market supply curve indicates that the substitution effect and income effect of a wage increase are offsetting. B) the intersection of the market demand curve for labor and the market supply curve for labor. C) the strength of the substitution effect relative to the elasticity of demand for labor. D) whether workers or management are better at negotiating.