Bonds differ from stocks in all of these ways except:
a. a purchase of corporate stock becomes a part owner of the corporation, while a bondholder does not
b. a bondholder loans money to the corporation, which has priority for repayment, while a stockholder may lose her investment
c. stockholders know with a high degree of certainty how much money they will get, while bondholders do not
d. all of these are correct
d
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Economists refer to the talents, training, and education of workers as:
A. labor supply. B. physical capital. C. human capital. D. average labor productivity.
Refer to the above figure. Mario is self-sufficient and so is Mia. Each produces 6 dishes of pasta and 4 pizzas. Mario and Mia decide to specialize and trade
After they have specialized and traded, compared to the initial situation, Mia's opportunity cost of pasta has ________ and Mario's opportunity cost of a pizza has ________. A) decreased, decreased B) decreased, increased C) increased, increased D) increased, decreased
Since the 1960s, SAT scores have been
A. falling. B. rising. C. stayed the same. D. none of these answer options are correct.
Which of the following types of money has intrinsic value?
A. Commodity money B. Fiat money C. Both commodity and fiat money D. None of the above is correct.