The value of tires purchased by a company to use on its cars is not included when calculating the gross domestic product (GDP)
a. True
b. False
Indicate whether the statement is true or false
True
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Equity holders are a corporation's ________. That means the corporation must pay all of its debt holders before it pays its equity holders
A) debtors B) brokers C) residual claimants D) underwriters
Which of the following statements about frictional unemployment is true?
a. It can be eliminated only in a free society. b. It is a long-term unemployment. c. It does not exist in developed economies. d. It is also called structural unemployment. e. It arises when people choose to change jobs.
The one disadvantage of paper money is that it is easier to
A. duplicate and counterfeit. B. carry. C. divide. D. store and use at a later time.
Transfer payments are paid mainly to
A. individuals. B. business firms. C. foreign countries. D. government bondholders.