What do stocks represent?
A. Shares of ownership in a corporation and a guaranteed stream of profits
B. Shares of ownership in a corporation and an entitlement to its future profits
C. Debt contracts with a corporation and regular interest payments on the loan
D. Debt contracts with a corporation and variable interest payments on the loan
B. Shares of ownership in a corporation and an entitlement to its future profits
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The figure above shows supply curves for soft drinks. Suppose the economy is at point a. A movement to point b could be the result of
A) an increase in technology. B) a decrease in the relative price of a soft drink. C) an increase in the relative price of a soft drink. D) an increase in the money price of a soft drink.
The Romer and Solow models reach the same conclusion with respect to ________
A) output growth in the long-run B) the impact of changing population C) the effect of an increase in the saving rate D) the general level of prices
Other things the same, if the interest rate falls, then
a. firms will want to borrow more, which increases the quantity of loanable funds demanded. b. firms will want to borrow less, which decreases the quantity of loanable funds demanded. c. firms will want to borrow more, which increase the quantity of loanable funds supplied. d. firms will want to borrow less, which decreases the quantity of loanable funds supplied.
The demand for land is derived from ______________.
Fill in the blank(s) with the appropriate word(s).