Payments made out of earnings, in the form of either cash or stock, to the owners and shareholders of a business are known as
a. distributions
b. dividend payments
c. retained earnings
d. salaries
e. business expenses
b. dividend payments
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Complementary goods are goods
a. that are consumed jointly b. that are consumed one in place of the other c. for which demand increases when the price of its complementary goods increases d. for which demand decreases when the price of its complementary goods decreases e. that are inversely related
Which of the following forms of money would best represent fiat money?
a) Silver quarters made prior to 1965. b) An hour-long golf lesson given in exchange for an hour of tutoring in economics. c) A $20 bill printed in 2015. d) A rare baseball card given to a landlord in place of rent.
Refer to the above graphs. Which of the above pairs of budget constraint lines illustrates a decrease in the price of good X and an increase in the price of good Y?
A. Graph A B. Graph B C. Graph C D. Graph D
Kendrick wants to start a tax preparation company and is going to his bank to borrow $50,000. This is an example of
A) direct finance. B) indirect finance. C) a primary market transaction. D) a secondary market transaction.