A _____ is an integrated set of parts that function together for some end purpose or result
a. Controlling factor
b. System
c. Crisis
d. Kibbutz
B
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Because it is more extensive, first-degree price discrimination is more profitable for the firm than is third-degree price discrimination
Indicate whether the statement is true or false
The process of obtaining funds from private parties such as investors, venture capital investors, or other companies interested in investing in a business is known as
a. factoring b. loan sharking c. private placement d. no-obligation loans e. none of these
Since 1950, the average length of a recession in the United States has been
A) such that recessions barely exist. B) less than a year. C) between 1 and 2 years. D) greater than 2 years.
Which of the following is NOT a problem in following an activist policy?
A) ineffectiveness in fiscal policy B) lags in the effects of policies C) multiplier uncertainty D) forecasting errors