The issue of the separation of ownership and control is concerned with the fact that:
A. many small proprietorships are actually controlled by large corporations.
B. major decisions in large corporations are generally made by professional managers rather than the owners of the corporation.
C. most farms are owned by landlords who do not live on the farms.
D. politicians pass laws to control corporations, but since corporations cannot vote, they cannot protest such control.
Answer: B
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Prior to the financial crisis and recession which began in 2007, credit for mortgages was ________, creating a ________
A) unavailable to low-income borrowers; large demand for rental properties B) virtually unavailable; housing bubble C) only available to borrowers with high credit scores; shortage of affordable housing D) easily obtained; housing boom
Which of the following statements is true?
A) It is easier to defend an overvalued currency than an undervalued currency since it is possible to print domestic currency and not foreign currency. B) It is easier to defend an undervalued currency than an overvalued currency since it is illegal to print domestic currency. C) It is easier to defend an undervalued currency than an overvalued currency since it is possible to print domestic currency. D) It is easier to defend an overvalued currency than an undervalued currency since it is possible to hold large reserves of foreign currencies.
Figure 8-1
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Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A. $800 billion. B. $650 billion. C. $540 billion. D. $420 billion.
While China's exports are consistent with the predictions of the Heckscher-Ohlin theory, China's imports are not.
Answer the following statement true (T) or false (F)