A legal claim against a firm that usually entitles the owner of the claim to receive a fixed annual coupon payment, plus a lump-sum payment at some future date, is known as
A) a bond.
B) a share of common stock.
C) a share of preferred stock.
D) a reinvestment coupon.
A
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Government expenditures are defined as
A) government spending on goods and services plus transfer payments. B) the excess of total expenditures over total revenues. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.
Refer to Figure 7.2. A movement from A to B in the figure represents
A) economies of scale. B) diseconomies of scale. C) learning. D) economies of scope. E) diseconomies of scope.
Consider the regression example from your textbook, which estimates the effect of beer taxes on fatality rates across the 48 contiguous U.S. states. If beer taxes were set nationally by the federal government rather than by the states, then
A) it would not make sense to use state fixed effect. B) you can test state fixed effects using homoskedastic-only standard errors. C) the OLS estimator will be biased. D) you should not use time fixed effects since beer taxes are the same at a point in time across states.
A perfectly competitive firm is hiring variable resources M and N. It will minimize total costs
A) MRPm/MFCm = MRPn/MFCn. B) MRPm ? MFCm = MRPn ? MFCn. C) Pm/MPPm = Pn/MPPn. D) MPPm/Pm = MPPn/Pn.