If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth
a. True
b. False
Indicate whether the statement is true or false
True
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The least liquid form of money is _________
Fill in the blank(s) with the appropriate word(s).
Let C = 150 + 0.5y and I = 45. At the equilibrium level of income, y*, the level of saving is
A) 45. B) 75. C) 105. D) 150.
A graphical representation which shows the trade-off that occurs when more of one output is obtained at the sacrifice of another is called
A) a Laffer Curve. B) a production possibilities curve. C) a bell curve. D) a supply curve.
Unions are less likely to strike today than in the past because
a. real wages have increased over the last 20 years b. employers are less willing to hire strike breakers c. most workers in the U.S. are already union members d. more workers, both union and nonunion, are willing to cross picket lines e. many high-profile strikes (e.g., Caterpillar) have succeeded in winning job security