If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
What will be an ideal response?
yield a profitable rate of return.
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The total amount of physical capital available in a country is know as the country's
A) capital stock. B) investment. C) savings. D) labor productivity.
________ assume the risk of issuing a new stock in the hope of earning profits on its sale
A) Stock brokers B) Securities dealers C) Underwriters D) Stock speculators E) Reinsurers
Which of the following is concerned with social regulation?
A) Federal Reserve Board B) Sherman Commission C) Food and Drug Administration D) Board of Education
In which of the following situations is the absolute price elasticity of demand for an item most likely to exceed a value of 1?
A) when there are very few close substitutes for the item B) when there are very few producers of the item C) when the item's share of expenses in consumers' budgets is very small D) when there is considerable time to adjust to a change in the price of the item