The cumulative voting system used by firms in the election of directors allows:
A. a large minority shareholder to elect some directors even if their election is opposed by the majority of shareholders.
B. the blockholders to elect some directors even though they are barred from participating in the internal decision making.
C. large shareholders to nominate board members through the normal proxy process without any legal binding.
D. the prospective candidates for the board of directors to manipulate the federal laws and regulation.
Answer: A
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A) like a wool sweater, economic theory warms the heart of the economist. B) like a pair of eyeglasses, economic theory allows one to more clearly see and discriminate among the countless facts he or she faces. C) like a gun, economic theory shoots holes through every other rival theory. D) like a bank, economic theory is concerned with only one thing: the accumulation of money.
When attempting price regulation, a government faces what problem(s)?
A) limited information B) bribes C) uncooperative firms D) All of the above.
Give some examples of the benefits and costs of antitrust laws
The creation of the dust bowl and the migration of the "Okies" to California took place in the
A. 1920s. B. 1930s. C. 1940s. D. 1950s.