When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that person is ________ the company
A) ownership; borrowing funds from
B) ownership; lending funds to
C) debt; lending funds to
D) debt; borrowing funds from
B
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The voting system for most elections in the United States is called:
A. pair-wise majority voting. B. first-past-the-post voting. C. approval voting. D. instant runoff voting.
Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by
A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.
Perfume (bottles) Cloth (yards) Nancy 20 15 Roger 24 12 The table above shows how much each of two people can produce in 40 hours. (For example, Nancy can produce 20 bottles of perfume in 40 hours.) For Roger, what is the opportunity cost of producing 1 bottle of perfume?
a. 3 yards of cloth b. 2 yards of cloth c. 1 yard of cloth d. 1/3 yards of cloth e. 1/2 yards of cloth
Assume we have a closed economy. If disposable income is $900 billion when consumption is $810, it can be concluded that
A. autonomous consumption is zero. B. the marginal propensity to consume is also 0.9. C. the marginal propensity to save is 0.1. D. saving is $90 billion.