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.
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.
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