A more conservative stockholder will choose to hold preferred stock rather than common stock
Indicate whether the statement is true or false
T
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How many people still live on less than the equivalent of $1.25 per day (new definition of "extreme poverty")?
a. 100 million. b. 500 million. c. 1.4 billion. d. 2.2 billion.
If the quantity of bread demanded rises 2 percent when the price of bread declines 10 percent, then the price elasticity of demand is: a. 0.2
b. 1. c. 2. d. 10. e. Cannot be determined.
Economies of scope is when a firm obtains a production advantage from producing more than one product
Indicate whether the statement is true or false
Opening trade between a nation that has “cheap labor” and one that has “expensive labor” will
A. lower the standard of living in both countries. B. raise the standard of living in both countries. C. make some workers less efficient. D. lead to an inappropriate allocation of resources.