When you buy a corporate bond, you are
A. borrowing funds from the corporation.
B. lending funds to the corporation.
C. selling an ownership right in the corporation.
D. acquiring an ownership right in the corporation.
E. b and d
Answer: B
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If sellers decide to sell more calculators by mass producing them and lowering the price so consumers will buy more, the supply and demand curves will both shift to the right
a. True b. False
Suppose a firm currently produces 325 units of output per day with 15 workers. The firm is able to produce 340 units of output with a 16th worker. What is the marginal product of the 16th worker?
a. 10 units of output b. 15 units of output c. 16 units of output d. 25 units of output
Which of the following events would definitely cause a decrease in the equilibrium price of cotton shirts?
What will be an ideal response?
Which of the following questions would require normative analysis?
a. What will be the effect of a 3 percent increase in the price of cucumbers? b. How many cucumbers should be supplied if the price increases by 3 percent? c. Will the sale of cucumbers decrease significantly? d. How will the sale of organic and non-organic cucumbers compare next month?