Which of the following is not a correct statement?
A. The government issues bonds but does not issue shares.
B. Bondholders earn dividends but shareholders don't.
C. Companies can issue shares and issue bonds.
D. Shareholders earn dividends but bondholders don't.
Answer: B
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The sum of public and private saving in an economy is equal to
A) T - TR - G. B) I - C - G. C) Y - C - T. D) Y - C - G.
Suppose that the price of telephones decreases. If more are purchased then:
a. the total utility of telephones will decrease. b. the total utility of telephones will be unchanged. c. the marginal utility of telephones will likely increase. d. the marginal utility of telephones will likely decrease. e. both a and d.
When a monopolistically competitive industry is in long-run equilibrium:
A. price equals minimum average total cost. B. firms earn zero economic profits. C. firms earn economic profits. D. price equals marginal cost.
After ________, you are left with taxable income.
A. paying income taxes B. deducting all of your yearly expenses from the income you received C. adding all deductions and exemptions to total income D. subtracting all deductions and exemptions from total income