Which of the following properties does not apply to convertible stock?
a. no role in corporate decision making
b. prior claim on dividends over bondholders
c. prior claim on dividends over other stocks
d. dividend yield is fixed
e. represents an ownership claim on a corporation
B
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Under a flexible exchange rate system, exchange rates are determined by free markets
Indicate whether the statement is true or false
The figure above shows the U.S. production function. How would an increase in unemployment benefits be shown in the figure?
A) a movement from point C to point B B) a movement from point A to point B C) an upward shift or rotation of the production function D) a downward shift or rotation of the production function E) None of the above because the effects of an increase in unemployment benefits cannot be shown in the figure.