Macro Quiz 4

Macroeconomics

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Question 1 7.15 out of 7.15 points Correct 1. Suppose you own $50,000 of personal property, $5,000 of stock in General Statics Corporation, a $10,000 savings account, and $20,000 of government bonds. If General Statics goes bankrupt, the most you could lose is: A) $50,000. B) $5,000. C) $35,000. D) $85,000. Question 1 answers Selected Answer: Correct B Correct Answer: Correct B Question 2 text Question 2 7.14 out of 7.14 points Correct 2. As it relates to corporations, the principal-agent problem is that: A) the goals of the corporate managers (the principals) may not match the goals of the corporate owners (the agents). B) the goals of the corporate managers (the agents) may not match the goals of the corporate owners (the principals). C) the Federal government (the agent) taxes both corporate profits and the dividends paid to stockholders (the principals). D) It is costly for the corporate owners (the principals) to obtain a corporate charter from government (the agent). Question 2 answers Selected Answer: Correct B Correct Answer: Correct B Question 3 text Question 3 7.15 out of 7.15 points Correct 3. Spillover costs arise:
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A) when firms pay more than the opportunity cost of resources. B) when the demand curve for a product is located too far to the left. C) when firms "use" resources without being compelled to pay for their full costs. D) only in capitalistic societies. Question 3 answers
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Macro Quiz 4 - Question 1 Correct 7.15 out of 7.15 points 1...

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