Which of the following statements about venture capital firms is FALSE?
A. Most start-up companies that acquire venture capital eventually turn out to be successes.
B. Venture capital firms invest in high-risk, high-potential firms.
C. Venture capital firms get most of their capital from pension funds, large university endowments, and other institutions that can take substantial risks with a small portion of their funds.
D. Companies that acquire their funds from venture capital firms may initially have trouble acquiring capital from other channels.
Answer: A
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Ceteris paribus, if an 6% increase in quantity supplied is caused by an 8% increase in price, then: a. supply is elastic
b. supply is unit elastic. c. supply is inelastic. d. the supply curve is perfectly vertical.
In the short run, there are large and persistent deviations between actual exchange rates and exchange rates predicted using purchasing power parity because of:
a. Discretionary fiscal policy. b. Widely different inflation rates in the two nations. c. Very different real GDP growth rates in the two nations. d. Many goods and services in the two nations' price indices are not traded internationally. e. All of the above.
If the demand curve for computers increases:
a. More will be demanded at lower prices b. Less will be purchased at each possible price c. More will be demanded at the same prices d. More will be purchased at each possible price
To assess the benefit of a product never consumed, the brain bases its benefit valuation on:
A. chance. B. past experiences with similar products. C. the cost of the product. D. The brain cannot value the benefit of a product never consumed.