The major difference between stocks and bonds is
a. a stock is ownership in the corporation and a bond is a debt instrument of the corporation.
b. a stock is a debt instrument of the corporation and a bond is ownership in the corporation.
c. a stock has value in the marketplace and a bond does not.
d. a bond has value in the marketplace and a stock does not.
a
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Which of the following occurred during World War I (1914–18)?
(a) Private markets largely influenced resource allocation. (b) Non-market controls imposed by the government. (c) New income taxes financed 100 percent of the war. (d) Corporate America voluntarily financed 100 percent of the war efforts to protect their interests.
An increase in the equilibrium price of Japanese yen per dollar could be caused by a(n):
a. increase in the general level of prices in Japan. b. increase in the U.S. demand for domestically-built automobiles. c. decrease in the U.S. income relative to the income in Japan. d. increase in the supply of dollars on the foreign market.
In the aggregate demand-aggregate supply model, an increase in the price level will
a. increase money demand, raise the interest rate, reduce aggregate expenditure, and decrease equilibrium real GDP b. decrease money demand, lower the interest rate, increase aggregate expenditure, and increase real GDP c. increase the money supply, lower the interest rate, increase aggregate expenditure, and increase real GDP d. decrease the money supply, raise the interest rate, reduce aggregate expenditure, and decrease real GDP e. not change money supply, money demand or the interest rate, but will shift the aggregate demand curve to the right
The demand curve of the monopoly firm is always the
A. average revenue curve. B. marginal revenue curve. C. total revenue curve. D. marginal cost curve above average variable cost.