In the simple circular flow model, total income in one nation must equal
A) the sum of wages, rents, interest and profits.
B) the yearly amount earned by that nation's resources.
C) the total monetary value of all final goods and services.
D) All of the above are correct.
D
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A merger between two firms that have a supplier-purchaser relationship is:
a. horizontal. b. vertical. c. conglomerate. d. illegal. e. inefficient.
In the context of hostile corporate takeovers, a white knight is a
a. hostile firm that wishes to take over another b. bank that lends a troubled firm money c. friendly corporation that acquires the threatened firm d. government law that prevents the hostile takeover e. strategy to make the firm less desirable by acquiring debt
Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
Suppose the price of one share of a particular stock rose from $9.00 to $9.15 over the course of a year, and the stock paid a dividend of $0.60 per share during the same year. What was the total return on the share of stock?
A. 8.3 percent B. 6.7 percent C. 25.0 percent D. 1.7 percent