The equilibrium price of labor is called:

The change in import spending due to a change in domestic real income is called:

A) marginal propensity to save. B) marginal propensity to consume. C) marginal propensity to import. D) none of the above.

Which of the following statements is true?

A) Convertible preferred stockholders receive quarterly interest payments. B) Common stockholders receive a fixed dividend, and they are entitled to it before preferred stockholders get anything. C) Convertible preferred stock can be converted into preferred stock at a predetermined price. D) Many buyers of common stock are more interested in capital gains than in dividends.