The life-cycle hypothesis predicts there to be a rather ________ short-run multiplier and thus a rather ________ private economy

If Irene can make either four chairs or one table in an hour and Greg can make either three chairs or two tables in an hour, then

A) Irene has the absolute advantage in the production of tables. B) Greg has the absolute advantage in the production of chairs. C) Irene has the comparative advantage in the production of chairs. D) Greg has the comparative advantage in the production of chairs.

Which of the following is not a feature of common stock?

A. Stockholders receive regular fixed payments on their shares. B. Stock holders are residual claimants. C. Stockholders have limited liability. D. Stockholders have voting rights.