“Common stock” is the type only sold to small investors.
Answer the following statement true (T) or false (F)
False
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The term "brain drain" refers to
A) the decreased quality of the college-educated workforce. B) highly educated individuals who leave developing countries for high-income countries. C) the negative impact on brain function of an individual's overinvestment in human capital. D) the diminishing returns to studying for an exam.
Equilibrium real income is more stable in the face of aggregate autonomous expenditure variability under
A) a floating exchange rate. B) a pegged exchange rate. C) a fixed exchange rate. D) perfect capital mobility systems.
Supposing the market price for a price taking firm is known to be $5, the total revenue accruing to it if it sells 100 is ________ and the total revenue accruing to it if it sells 200 is ________.
A. $500; $1000 B. $500; $500 C. $5; $5 D. $100; $200
When there is a positive externality
A) the marginal private benefit received by consumers is greater than the external benefit. B) the marginal social benefit received by consumers is greater than the marginal private benefit. C) the marginal private benefit received by consumers is greater than the marginal private cost. D) the marginal private benefit received by consumers is greater than the marginal social benefit.