Which legal claim comes with the most preferential treatment in the payment of dividends?
A. common stock
B. preferred stock
C. bond
D. interest
Answer: B
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A characteristic of a public good is
A) rival consumption. B) the exclusion principle. C) the free-rider problem. D) clear property rights.
What percentage of the world population lives in low-income countries?
a. 10 percent b. 11.8 percent c. 15 percent d. 20 percent
An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. a firm's decisions around how many hours to hire at each alternative wage. C. the decisions of all firms around how many hours to work at each alternative wage. D. the decisions of all workers around how many hours to work at each alternative wage.
The vertical distance between the horizontal axis and any point on a perfect competitor's demand curve measures
A) total cost. B) total revenues. C) product price, marginal revenue, and average revenue. D) supply curve for the product.