Financial capital is
A) the collection of stock and bond exchanges around the country.
B) funds used to purchase capital goods.
C) the foreign exchange market.
D) assets of financial institutions.
Answer: B
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Managers will use ________ probabilities to estimate the likelihood of a successful launch of a new brand of peanut butter.
A) relative B) objective C) known D) subjective
In the United States approximately 80 percent of millionaires did not inherit their wealth. This illustrates the
a. amount of transitory income in the United States. b. effectiveness of government anti-poverty programs in the United States. c. great economic mobility in the United States. d. level of permanent income in the United States.
Which of the following is NOT part of classical economic theory?
A. Saving depends upon the rate of interest. B. Full employment is the norm in laissez-faire capitalism. C. Wages and prices are inflexible downward. D. The equilibrium interest rate equals saving and investment. E. Supply creates its own demand.
The schedules in the table give the marginal social benefit and marginal social cost of a DVD. At the efficient quantity, the minimum supply-price of a DVD is ________ and the value of a DVD is ________
A) $16; $24 B) $16; $20 C) $20; $16 D) $20; $20