What do bondholders and stockholders have in common?
A. Both are shareholders in the company.
B. Both receive fixed payments on their securities each year.
C. Both are claimants.
D. Both have voting rights.
Answer: C
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Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$9000.9$2,500$2,500$1,000Determine equilibrium real GDP for this economy.
A. $69,000 B. $59,000 C. $50,000 D. $60,000
What is outlet bias?
A) the tendency for the quality of products to improve over time even though the CPI does not measure changes in quality B) the tendency for households to spend their money at discount stores as prices rise C) the tendency for consumers to purchase newer, more technologically advanced products even though they have higher prices D) the tendency for households to spend more money over time
Poor people who participate in job training programs are more successful in leaving poverty.
A. True B. False C. Uncertain
Assuming that travel from New York to Los Angeles is a normal good, a decrease in consumer income, other things being equal, will:
A. decrease the quantity demanded of travel to Los Angeles. B. increase the demand for travel to Los Angeles. C. decrease the demand for travel to Los Angeles. D. increase the quantity of travel to Los Angeles demanded.