When a corporation wishes to issue shares of stock, it will do so by working through
A. the New York Stock Exchange.
B. a commercial bank.
C. an investment bank.
D. a stock broker.
Answer: C
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Suppose you hit a progressive jackpot on a 25-cent Fortunemaker slot machine in a casino in Las Vegas and are given the choice of the following prizes:
Prize 1: $200,000 to be received right away, with four additional payments of $200,000 to be received each year for the next four years. Prize 2: $750,000 to be received right away. If the interest rate is 3 percent, what is the present value of each prize?
If an active approach is followed in closing an expansionary gap, _____
a. the aggregate demand curve would shift rightward b. the aggregate demand curve would shift leftward c. the short-run aggregate supply curve would shift rightward d. the short-run aggregate supply curve would shift leftward e. there would be a movement up and to the left along the short-run supply curve
If nominal wage rates are contractually determined and cannot change in the short run, then an unexpected increase in the inflation rate will:
a. increase business profits and reduce the unemployment rate. b. reduce both business profits and the unemployment rate. c. reduce business profits and increase the unemployment rate. d. increase both business profits and the unemployment rate. e. cause no change in business profits or the unemployment rate
Which economic system is usually associated with government ownership of the means of production and central planning?
A. Communism B. A market system C. Fascism D. Capitalism