Convertible shareholders can
a. convert their shares into bonds at any time
b. convert their shares into preferred stock at any time
c. convert their shares in one corporation to shares in another corporation in a one-to-one ratio at any time
d. convert their shares into common stock at any time
e. vote at shareholder meetings on important corporate matters
D
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Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially, ________
A) the economy remains at full employment B) structural unemployment increases C) there is a shortage of workers in both sectors D) cyclical unemployment increases
With respect to labor supply, the substitution effect means a
A) person increases his or her hours of labor in response to a higher wage rate. B) person decreases his or her hours of labor in response to a higher wage rate. C) person substitutes high paying work for low paying work. D) firm substitutes capital for labor.