The person most likely to receive a payment from a corporation in a year of losses is the
A) bondholder.
B) common stockholder.
C) preferred stockholder.
D) investment banker.
Answer: A
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When is a particular bank in a position to make new loans? a. When required reserves equal actual reserves
b. When required reserves exceed actual reserves. c. When required reserves are less than actual reserves. d. all of the above
Price floors, when applied to agricultural markets, have
a. promoted the interests of consumers b. reflected the government's desire for greater equality in the distribution of goods among consumers c. created the need to print ration coupons d. created excess supply, which meant that the government would have to buy the excess supply to keep the prices from falling below the price floor e. created excess demand, which meant that the government had to prevent the price floor from rising above the equilibrium price
Which of the following is not generally considered a failing of market economies?
a. Market economies can have severe swings from boom to bust. b. Market economies tend to underprovide public goods. c. Market economies tend to promote equity at the expense of efficiency. d. Market economies can misallocate resources when property rights are ill defined.
Unemployment occurs when someone:
A. is not working full-time. B. wants to work but cannot find a job. C. should be working but chooses not to. D. has useful skills that are not being used.