Every necessity is a normal good, but not all normal goods are necessities.
Answer the following statement true (T) or false (F)
False
Rationale: Necessities can be normal or inferior.
Economics
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Which of the following people has voting privileges in a corporation?
a. convertible stockholder b. preferred stockholder c. common stockholder d. corporate bondholder e. corporate manager
Economics
Which of the following would be an asset to a bank?
a. cash in the vault b. a loan to a university student c. a government security d. All of the above are correct.
Economics