The introduction of a union into a firm benefits all of that firm's workers
a. True
b. False
Indicate whether the statement is true or false
False
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Bondholders have a “prior claim” over stockholders on a company’s earnings or its assets.
Answer the following statement true (T) or false (F)
A Lorenz curve measures the ________ on the vertical axis
A) cumulative percentage of money income B) cumulative percentage of family wealth C) cumulative percentage of families D) demand of families on welfare
For a closed economy, GDP is $12 trillion, consumption is $7 trillion, taxes net of transfers are $3 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving?
a. $5 trillion and $3 trillion, respectively b. $5 trillion and $1 trillion, respectively c. $2 trillion and $3 trillion, respectively d. $2 trillion and $1 trillion, respectively
Assume that the MPC is 0.80 and investment rises by $50 million. How much additional saving will this generate in the second round of spending?
A. $10 million B. $40 million C. $50 million D. $62.5 million E. $250 million