Equity holders are a corporation's ________. That means the corporation must pay all of its debt holders before it pays its equity holders
A) debtors
B) brokers
C) residual claimants
D) underwriters
C
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Compared to other high-income countries, health care spending per person in the United States has been
A) declining at a faster rate. B) declining at approximately the same rate. C) growing at a faster rate. D) growing at approximately the same rate.
The original Federal Reserve Act
A) specified open market operations as the Fed's main policy tool. B) specified open market operations as one of several Fed policy tools. C) specified that open market operations be employed by the Fed only in circumstances where discount loans were ineffective. D) did not specifically mention open market operations.
The amount of money that a wheat farmer could have earned if he had planted barley instead of wheat is
a. an explicit cost. b. an accounting cost c. an implicit cost. d. forgone accounting profit.
Economist Jan Tinbergen developed a formula, called ______, to predict which nations would engage in bilateral trade.
a. the trade deficit equation b. the index of equality c. the Tinbergen ratio d. the gravity equation of trade