If a corporation fails, the first recipients of funds that may remain are
A) preferred stockholders.
B) common stockholders.
C) bond holders.
D) no one.
Answer: C
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The creation of Medicare and Medicaid in 1965 dealt with contemporary public health concerns
a. True b. False
Figure 10-2
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Figure 10-2 shows demand and short-run cost curves for a perfectly competitive firm. At its profit-maximizing output, the firm’s total ____ is represented by area ____.
A. loss; GBHC B. profit; ADGHC C. loss; ADEC D. profit; EGH
Your opportunity cost of choosing a particular activity
a. can be easily and accurately calculated b. cannot even be estimated c. does not change over time d. varies, depending on time and circumstances e. is measured by the money you spend on the activity
The difference between an import quota and a tariff that results in the same domestic price is
a. none; they are the same b. the quantity demanded is higher under the tariff c. the world price is higher under the quota d. the tariff revenue goes to the domestic government; quota benefits may go to foreigners e. none because both quotas and tariffs are illegal