How can a sole proprietorship raise funds needed for firm expansion?
What will be an ideal response?
By retaining earnings, taking on partners, or borrowing from relatives, friends, or a bank.
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Two explanations for increasing wage inequality are ________ and ________.
A. increased labor supply; a slowdown in productivity growth B. technological progress; a modernized capital stock C. increased worker mobility; transition aid D. globalization; skill-biased technological change
In an internal labor market, employees often spend too much time lobbying for promotions or preferred job assignments. These are referred to as
A. human capital costs. B. influence costs. C. administrative costs. D. market costs.
Countries that export a diversified selection of export products do not seem to be at much risk of experiencing immiserizing growth.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. In the balance of payments statement, a current account deficit is always matched by a capital and financial accounts surplus. 2. When a nation is experiencing a balance-of-payments deficit, its treasury or central bank will engage in a net sale of its official reserves. 3. The purchase of a foreign hotel by a U.S. company is recorded as a credit in the financial account of the U.S. balance-of-payments statement. 4. In the dollar/yen market, if the supply of yen increases other things being equal, the dollar will appreciate. 5. Relatively high rates of U.S. inflation compared to other countries will increase the supply of, and decrease the demand for, dollars in foreign exchange markets.