One difference between stocks and bonds is that
A) stocks do not involve a promise to repay a purchaser of the stock, while bonds represent a promise to repay the purchase price of the bond.
B) stocks represent ownership in companies, while bonds represent ownership in banks.
C) stocks are financial securities, while bonds are labor market securities.
D) stocks are usually issued in electronic form, while bonds are usually issued in paper form.
A
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Dustin's copy shop can use four alternative plants. The figure above shows the average total cost curves for Plant 1 (ATC1), Plant 2 (ATC2), Plant 3 (ATC3), and Plant 4 (ATC4)
What is Dustin's long-run average cost if the output is 3,000 copies per day? A) 3.7 cents per copy B) 5.0 cents per copy C) 8.5 cents per copy D) More information is needed to determine the long-run average cost.
The welfare loss of a tariff equals that of a import quota that leads to the same level of imports
Indicate whether the statement is true or false