Bonds represent:
A. a claim on company dividends.
B. ownership of a company.
C. all financial assets guaranteed to pay interest.
D. loans to governments and corporations.
D. loans to governments and corporations.
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What is producer surplus?
What will be an ideal response?
This year, Shirts Inc purchased $1,000 worth of silk from the Silky Silkworm Company, $100 worth of buttons from Barney's Buttons, and $200 worth of thread from Tracy's Thread Company. Shirts Inc sold the shirts they produced for $2,000 . As a result of these transactions, how much did Shirts Inc contribute to GDP this year?
a. $700 b. $1,300 c. $2,000 d. $2,700 e. $3,300
A waitress brings a free glass of wine when you sit down in a restaurant. This glass of wine is
A) a service because the waitress carried it instead of making it. B) a good, but not an economic good because there is no price charged for the wine. C) a nongood because there is no price charged for the wine. D) an economic good because wine is produced with scarce resources, even if it is free to you.
Which of the following will likely cause an increase in output per worker?
A) an increase in education expenditures B) an increase in the saving rate C) an increase in on-the-job training D) all of the above