Oracle corporation reported the following earnings per share information in its 2016 form 10-k. the company has only one class of stock outstanding. ($ in millions)

net income

$8,901

dividends to common shareholders

$2,541

weighted average common shares outstanding

4,221

weighted average dilutive shares

4,305

basic and diluted earnings per share were, respectively:

select one:

a. $0.30 and $0.30

b. $0.77 and $0.74

c. $1.08 and $1.06

d. $2.11 and $2.07

e. none of the above

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.