Holders of convertible stock have __________ but not ______________
a. corporate bonds that yield interest; dividends
b. dividends; corporate bonds that yield interest
c. first claim to dividends; voting rights
d. voting rights; first claim to dividends
e. exclusion from double taxation; from any taxation
C
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Non-paying activities in economics are referred to as:
A) relief. B) leisure. C) free time. D) unemployment.
Marginal revenue is less than price for price searchers
A) because they are monopolists. B) because they necessarily have some costs. C) if they enjoy grants of legal privilege. D) when they cannot charge all customers the maximum they are willing to pay for each unit purchased. E) when they have the ability to practice price discrimination.
Brook is spending all of her income consuming products X and Y. If MUx/Px=1 and MUy/Py=6, what should Brooke do to maximize her satisfaction?
A. Buy more X and more Y B. Buy more X and less Y C. Buy less X and less Y D. Buy less X and more Y E. Make no changes
Which of the following is true?
A. Nations achieve high rates of economic growth primarily because of their natural resource endowments. B. Human and physical capital investments are largely irrelevant to economic growth. C. Poor nations grow slowly because they do not have access to modern technology. D. A favorable political environment attracts more investment in human and physical capital.