Which of the following is NOT a principal method of financing today?
A. bond
B. reinvestment
C. the entrepreneur's wealth
D. common stock
Answer: C
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Perfectly competitive industry X has constant costs and its product is an inferior good. The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The new long-run equilibrium will result in a(n)
A. decrease in output, but not in the equilibrium price of the product. B. increase in output and in the equilibrium price of the product. C. increase in output, but not in the equilibrium price of the product. D. decrease in output and in the equilibrium price of the product.
The slope of the production possibilities curve is
A) positive and increasing. B) the opportunity cost of one good in terms of the other. C) positive and decreasing. D) positive.
When did the Republic of Korea change its economic policies?
What will be an ideal response?
In a situation of mutual interdependence and identical products, managers of oligopolistic firms ________ a response to their rivals' actions and ________ compete on price.
A) do not have; should B) have; should C) do not have; should not D) have; should not