Financial capital is highly volatile, and technological advances have reinforced this volatility
Indicate whether the statement is true or false
TRUE
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The three elements of a game are:
A. the costs, the revenue, and the profit. B. the firm, the consumers, and the profit. C. the players, the strategies, and the payoffs. D. the model, the graph, and the costs.
Corporate managers and shareholders always have the same goals
Indicate whether the statement is true or false
In 1996, the Personal Responsibility Act:
A. transferred responsibility for welfare programs from the state to the federal level. B. established the earned income tax credit (or EITC). C. increased the federal minimum wage. D. placed a five-year lifetime limit on welfare payments to any given recipient.
When a customer's need for a product is not urgent, demand tends to be
a. elastic c. inelastic b. complementary d. unit elastic