The economy can operate
A) beyond its institutional PPF but not beyond its physical PPF.
B) on both its institutional PPF and its physical PPF, but not at the same time.
C) under its physical PPF but not under its institutional PPF.
D) a and b
E) a, b, and c
D
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If a corporation pays a dividend, which group receives priority in receiving the dividend?
A) bond holders B) holders of common stock C) holders of preferred stock D) dividends are evenly divided by holders of common and preferred stock
A tax that is designed to be progressive will improve
A. Efficiency. B. Vertical equity. C. Equality. D. Horizontal equity.
No particular stock is a better buy than any other stock if
a. stock prices are driven by investors' "animal spirits.". b. the random-walk theory of stock prices is incorrect. c. the efficient markets hypothesis is correct. d. actively managed mutual funds always outperform index funds.
What causes movement from point A to point B on the curve?
a. an increase in the price level from PL1 to PL2
b. a rightward shift in the short-run aggregate supply curve
c. an increase in real GDP from RGDP2 to RGDP1
d. a decrease in the price level from PL2 to PL1