Absent externalities and public goods, a perfectly competitive system is equitable.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is true?
A) Convertible preferred stockholders receive quarterly interest payments. B) Common stockholders receive a fixed dividend, and they are entitled to it before preferred stockholders get anything. C) Convertible preferred stock can be converted into preferred stock at a predetermined price. D) Many buyers of common stock are more interested in capital gains than in dividends.
Based on the graph showing the Phillips curve, if a point C were added and it had a lower RGDP than point A, it should also have ______.
a. a lower inflation rate than point A b. the same inflation rate as point A c. a higher unemployment rate than point A d. the same unemployment rate as point A
Which of the following is a merit good?
A. Food. B. Cigarettes. C. Local telephone service. D. A computer operating system.
As the economy recovers from a recession, economists expect its:
A. Imports to grow, and therefore its trade deficit would also grow B. Exports to grow, and therefore its trade deficit would shrink C. Imports and exports to grow at roughly the same rate, so its trade deficit will stay constant D. Imports and exports to start declining, therefore its trade deficit will also decline a little bit