If Teresa purchases a share of stock for $15 and three years later sells it for $60, she will realize a
A. capital gain of $45.
B. dividend of $60.
C. capital gain of $60.
D. dividend of $45.
Answer: A
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In a competitive economy, the questions of what, how, and for whom to produce tend to be regulated by
a. the government. b. businessmen. c. the price system. d. workers.
For a bank, "reserves" refers to:
A. the loans it will call back early if a recession starts. B. the cash it keeps on hand to meet withdrawal requests. C. the part-time workers that will be offered full-time jobs if necessary. D. the cash it lends to households or businesses who want to borrow.
Unemployment insurance schemes mainly increase:
A. frictional unemployment. B. seasonal unemployment. C. teenage unemployment. D. cyclical unemployment.
Recall the Application about running a software programming business to answer the following question(s).If you have $10,000 to start a software development business, the interest rate is 4 percent, your cost of your computer is $5,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be:
A. $47,000. B. $47,400. C. $37,400. D. $37,000.