Historically, revolutionary inventions and innovations have come from
A. large established companies.
B. individuals and small new firms.
C. firms with large research and development programs.
D. government-sponsored entities.
Answer: B
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A company may borrow money from
a. banks. b. insurance companies. c. other firms. d. All of the above are correct.
The sale of either stocks or bonds to raise money is known as equity finance
a. True b. False Indicate whether the statement is true or false
Suppose that Chloe opens a dog grooming business in a local shopping center. Which of the following would be an example of a factor of production used by Chloe? (i) her employees' time (ii) brushes, combs, scissors, and clippers (iii) shampoo, water, and flea prevention treatments (iv) Chloe's time spent on bookkeeping and bill paying
a. (i) only b. (i) and (ii) only c. (i), (ii), and (iii) only d. (i), (ii), (iii), and (iv)
Deadweight Loss is defined as
A. the loss to society that results from incomes being too high or too low. B. the loss to society that results from items costing more than some can afford. C. the loss to society that results from production being too high or too low. D. none of these