If a person owns 2,000 shares in a corporation that has issued 200,000 shares of stock, that person owns ____ of the company and is entitled to ____ of the dividends.
A. 1 percent; 1 percent
B. 2 percent; 2 percent
C. 10 percent; 10 percent
D. 20 percent; 20 percent
Answer: A
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The short-run version of aggregate supply assumes that product prices are ________.
A. both input and product prices are fixed B. fixed while resource prices are flexible C. flexible while resource prices are fixed D. both input and product prices are flexible
If there are large disparities in wage levels between countries, then
A) trade is likely to be harmful to both countries. B) trade is likely to be harmful to the country with the high wages. C) trade is likely to be harmful to the country with the low wages. D) trade is likely to be harmful to neither country. E) trade is likely to have no effect on either country.
Other things equal, the supply of labor will be greater to a job that
a. requires advanced education and training b. requires most working hours be on weekends c. requires hard physical labor d. allows the employee greater discretion in the use of time e. has a higher probability of injury or death
The labor force participation rate (LFPR) equals the number of
A) employed persons divided by the number of unemployed persons. B) unemployed persons divided by the civilian noninstitutional population. C) employed persons divided by the civilian labor force. D) employed persons divided by the civilian noninstitutional population. E) none of the above