When you purchase a share of stock, you are
A) borrowing funds from the corporation.
B) lending funds to the corporation.
C) selling an ownership right in the corporation.
D) acquiring an ownership right in the corporation.
E) b and d
D
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Answer the next question based on the following data. The following national income data are in billions of dollars.1Consumption of fixed capital$4382Taxes on production and imports3263Compensation of employees2,3474Rents145Interest2876Proprietors' income2427Corporate profits2978Personal consumption expenditures2,5829Gross private domestic investment66910Government purchases81511Net exports-7812Net foreign factor income4613Statistical discrepancy50The expenditures approach to GDP calculation can be done by adding ________.
A. 8 through 13 B. 8 through 11 C. 2 through 7 D. 1 through 7
The underground economy—the informal sector—can be a significant drag on the economies of developing countries. Why are firms in the informal sector often less efficient than firms in the formal sector?
What will be an ideal response?
The price reflecting the true social opportunity costs of a resource is known as
(a) a shadow price. (b) an equilibrium price. (c) a world price. (d) a price index.
Say the market for cereal is initially in equilibrium when all the major newspaper published the findings from study that say that eating 2 cups of cereal each day significantly reduces the risk for a heart attack. Other things equal, the publication of these findings will:
A. decrease the market price of cereal. B. decrease the market quantity of cereal. C. increase the supply of cereal. D. increase the quantity supplied of cereal.