Retained earnings are always sufficient to finance a firm's rapid expansion in a high-growth economy
Indicate whether the statement is true or false
FALSE
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Which single international issue draws considerable consensus among most people and governments around the world?
a. that more funds should be directed toward foreign aid b. that global inequality should be reduced c. that poverty should be combatted by globalization d. that fair trade should be encouraged and expanded
Consider a duopoly with homogeneous products, where two competing firms pick price (Bertrand duopoly). In this chapter you learned that both firms will choose price equal to the marginal cost (MC). But what happens if the the two firms have unequal marginal costs? Suppose that Dogwood has MC = $40andRosePetalhasMC = $25. Assume firms can set prices such as $29.99.
A. Explain why it is not a Nash equilibrium for both firms to set a high price such as $60. B. Explain why it is not a Nash equilibrium for both firms to set a price equal to the lower marginal cost of $25. C. Explain why it is not a Nash equilibrium for each firm to set a price equal to their respective marginal costs. D. What is a Nash equilibrium? Which firm sells? At what price?
In which year did GDP growth in the United States fall below -2 percent?
A. 2003 B. 2009 C. 2001 D. 2007
For which of the following types of firms is the buying and selling of stocks and bonds not a primary function?
A. securities firms B. investment banks C. mutual fund companies D. thrifts