Which of the following is true?
A. A bondholder owes money to a corporation.
B. A corporation owes money to a bondholder.
C. A bondholder owns part of a corporation.
D. A bondholder votes on company management.
Answer: B
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In which of the following types of auctions can bidders NOT see each other's bid?
A) English auction B) Dutch auction C) Silent auctions D) Sealed-bid auction
One desirable outcome of a market economy is that it leads to a more equitable distribution of income
Indicate whether the statement is true or false
Suppose the government increases its expenditures by $100 billion and simultaneously reduces the money supply by $100 billion. We definitely know that
A) equilibrium GDP will fall. B) equilibrium GDP will rise. C) the interest rate will rise. D) the interest rate will fall.
A consumer likes two goods: hamburgers and watermelons. The five bundles shown in the table below lie on the same indifference curve for the consumer. Bundle Hamburgers Watermelons A 10 3 B 5 3 C 3 3 D 3 5 E 3 10
Which of the following statements regarding these bundles is correct? a. The goods are perfect substitutes for this consumer. b. The goods are perfect complements for this consumer. c. The bundles violate the property that indifference curves do not cross. d. Both b) and c) are correct.