Entrepreneurs obtain control over the resources employed in the projects they undertake by
A) acquiring ownership through investment of their own funds.
B) borrowing funds with which to purchase the resources.
C) floating new issues of stock or bonds.
D) offering credible guarantees to owners of resources.
E) reinvesting the profits from previous successful projects.
D
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Efficiency involves:
a. producing only one out of many possible commodities. b. producing output using the least amount of labor. c. producing as far inside the production possibilities frontier as possible. d. getting the maximum possible output from available resources. e. producing output using the least amount of capital.
In the above figure, if the relevant aggregate demand curve is AD2, what type of gap exists and how large is it?
A) inflationary gap of $1 trillion B) recessionary gap of $500 billion C) inflationary gap of $500 billion D) recessionary gap of $1 trillion
Which of the following is most likely to be private property?
A) bees B) house flies C) farm raised chickens D) winds
The greatest constraint faced by banks considering the alternative of lending to Bangladeshi villagers is:
A. counterfeit Carfax reports that make it difficult to properly assess collateral. B. having limited funds available for loans. C. not being able to determine appropriate currency exchange rates. D. not having qualified loan officers to make the loans.