A certificate issued by a corporation promising to repay a loan with interest to the buyer:
cb. franchise
c. article of incorporation
d. Stockholm note
e. note of stockhold
Answer: a. bond
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Deliberately cutting taxes or increasing expenditures to fight an economic downturn is called ________
Fill in the blank(s) with correct word
When the price of wood (which is an input in the production of furniture) falls, the consumer surplus associated with the consumption of furniture
A) increases. B) decreases. C) does not change. D) could be any of the above.
The Proclamation of 1763 and the Quebec Act of 1774 benefited existing farmers with large land holdings because these laws led to
a. decreased farming competition. b. falling land prices. c. lower taxes on farm land. d. increased supplies of western farm land. e. All of the above.
Any event that decreases the value of the marginal product of labor will:
A. decrease labor demand. B. decrease labor supply. C. increase labor demand. D. increase labor supply.