When Economists Are Trying to Explain the World,they Are

question 18

Multiple Choice

When economists are trying to explain the world,they are

• A)scientists.
• B)policy advisers.
• C)in the realm of microeconomics rather than macroeconomics.
• D)in the realm of normative economics rather than positive economics.

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Definitions:

Note Payable

A written promise to pay a specific sum of money, either on demand or at a fixed or determinable future time.

Dividend Declarations

Announcements by a company's board of directors to distribute a portion of earnings to shareholders as dividends.

Common Stock

This represents ownership shares in a corporation, giving shareholders voting rights and a claim on a portion of the company's profits in the form of dividends.

Additional Paid-In Capital

The amount of money paid by investors for shares of stock above their par value; it is a measure of the excess investment made by shareholders.