When I purchase a corporate ________, I am lending the corporation funds for a specific time. When I purchase a corporation's ________, I become an owner in the corporation
A) bond; stock
B) stock; bond
C) stock; debt security
D) bond; debt security
A
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Suppose Amber Crombie and her husband Fitch spend $1400 this year on healthcare and medicines for the chronic nasal congestion they suffer living next to smelly Lake Lillypad. How does their expenditure affect GDP?
A) It doesn't affect GDP at all. B) GDP would decrease by $1400. C) GDP would increase by $1400. D) GDP would increase by $1400 only if the healthcare and medicines cured their chronic nasal congestion; if it remains uncured, then GDP would remain unchanged.
John's reservation wage is $10 per hour. This means that
A) John will not supply labor in the market until he receives a wage of at least $10 per hour. B) John will supply labor in the market at a wage of $10 and lower. C) John will work 10 hours per day. D) John will decrease the hours he works when his wage rate exceeds $10 per hour.
Which of the following is not included in the U.S. balance of payments?
a. Gifts from parents residing in foreign countries and paid to students studying at U.S. colleges and universities. b. U.S. government military gifts to foreign governments. c. U.S. aid to Indonesian tsunami victims. d. U.S. corporate gifts to families in foreign nations who were harmed by hurricanes. e. All of the above are included in the balance of payments.
The total market value of final goods and services produced in an economy during a one-year period is
A. profit. B. net national product. C. personal income. D. Gross Domestic Product.