What is venture capital?
What will be an ideal response?
Venture capital funds take household savings and put them into high-risk ventures in exchange for a share of the profits if the new businesses succeed.
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In a repeated prisoner's dilemma, players:
A. always play their dominant strategy. B. never learn to play their dominant strategies. C. can sustain cooperation by playing their dominant strategy. D. can sustain cooperation by employing a tit-for-tat strategy.
The official unemployment rate may not reflect the true state of unemployment because: a. Some workers may go through the motions of looking for work to keep their unemployment benefits, but not actually be looking for work. b. Some people who are working in the underground economy may be classified as unemployed
c. Some may leave the labor force and go back to school only because job conditions are currently poor. d. all of the above.
An economist is told that concentration in the cement industry has increased. He can safely conclude that
a. cement production must have fallen in the industry. b. competition in the cement industry has decreased. c. there are fewer cement producers than before. d. All of the above are correct.
If we assume sticky prices in both foreign and domestic trading nations, the rate of pass-through from the nominal to the real exchange rate falls as:
a. the percentage of traded goods priced in foreign currencies rises. b. the percentage of traded goods priced in the domestic currency rises. c. the percentage change in the exchange rate exceeds the percentage increase in inflation. d. traders find new markets and are able to avoid nations with currency depreciations.