Venture capitalists
A. Are a critical link between entrepreneurial ideas and market reality.
B. Provide entrepreneurial ideas.
C. Share in the risks but not the rewards of entrepreneurial ideas.
D. Are always willing to lend money to new businesses.
Answer: A
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A price ceiling is only effective if it is above the market equilibrium.
Answer the following statement true (T) or false (F)
Refer to the scenario above. What is the opportunity cost of printing one magazine?
A) 1 notebook B) 2 notebooks C) 15 notebooks D) 30 notebooks
Which of the following defines monopolization?
A) the Securities and Exchange Commission B) the Federal Reserve C) U.S. Supreme Court D) Federal Trade Commission Act
In the long run, a decrease in the price level: a. leaves output prices unchanged relative to input prices. b. decreases the profit margins of many producers
c. decreases RGDP supplied. d. Does none of the above