Financial securities that represent partial ownership of a corporation are known as
A) bonds.
B) stocks.
C) coupons.
D) dividends.
B
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If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be
A) $5 per unit. B) $25 per unit. C) $40 per unit. D) $20 per unit.
According to the classical system, a decrease in the income tax rate reduces the after-tax real wage
a. and shifts the labor supply schedule to the right. b. and shifts the labor supply schedule to the left. c. without shifting the labor supply schedule. d. None of the above
If the supply of a good is inelastic, a decrease in price must increase total revenue
a. True b. False Indicate whether the statement is true or false
Money is the only asset that functions as a store of value
a. True b. False Indicate whether the statement is true or false