All of the following variables are central to how consumers learn from repeated experience EXCEPT:
A. purchase.
B. drive.
C. reinforcement.
D. response.
E. cue.
Answer: A
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In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in taxes causes the ____ curve to shift ____.
A. short-run aggregate-supply; right B. short-run aggregate-supply; left C. aggregate-demand; left D. aggregate-demand; right
When firms issue stock to raise capital, they
A. may tap foreign as well as domestic markets. B. are limited to domestic markets, due to local legislation. C. are making a commitment to adopt 3BL. D. are foregoing the use of domestic debt markets.
Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding, and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?
a. $2,250 b. $50,000 c. $50,750 d. $52,250
Which of the following is a difference between independent administrative agencies and executive administrative agencies?
A) Independent administrative agencies are created by private stockholders, whereas executive administrative agencies are created by the legislative branch of government. B) The heads of independent administrative agencies cannot be removed by the president, whereas the heads of executive administrative agencies can be removed by the president. C) Independent administrative agencies are headed by people with prior experience in private enterprises, whereas executive administrative agencies are headed by a board of commissioners. D) The heads and members of the board have no fixed term of office in independent administrative agencies, whereas the heads and members are appointed for a specific term of years in executive administrative agencies.