A ________ makes investment in established businesses which are publicly traded and takes them private
A) sovereign wealth fund
B) capital buyout fund
C) hedge fund
D) venture capital fund
B
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If demand is taken into account, firms that use cost-plus pricing can adjust price by
A) letting sales fall, but hold the markup constant if demand falls. B) lowering markups on price-elastic goods and raising markups on price-inelastic goods. C) letting sales rise, but hold the markup constant if demand rises. D) raising markups on price-elastic goods and lowering markups on price-inelastic goods.
The nation listed below whose economy currently comes closest to a free market is
A. North Korea. B. Germany. C. People’s Republic of China. D. Cuba.
Economists use the term ______ to refer to the ability to produce a good using fewer inputs than another producer
Fill in the blank(s) with correct word
Which of the following statements is false?
A) Not all individuals in both countries are made better off as a result of international trade. B) Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall. C) Although some individuals may not be made better off as a result of international trade, both countries may be made better off overall. D) Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off.