When Carvana sold stock to the public in its IPO, it did so through the New York Stock Exchange. This is an example of Carvana using ________ to raise funds
A) indirect finance
B) direct finance
C) bonds
D) corporate governance
Answer: B
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Disadvantages of decentralization are
A. intercommunity externalities. B. forgone scale economies in the provision of public goods. C. inefficient taxation. D. the lack of ability to redistribute income. E. all of these answer options are correct.
Which of the following will occur when an economy's price level increases?
A) Aggregate demand will increase. B) The purchasing power of money will increase. C) The purchasing power of money will decrease. D) The real value of wealth will increase.
The calculation of the responsiveness of suppliers to changing prices is represented by
a. cross elasticity b. supply elasticity c. the supply coefficient d. long-run supply e. market-day supply
A technological breakthrough lowers the cost of manufacturing microwave ovens. As a result, the market changes to a new equilibrium because of
a. an upward movement along the demand curve for microwave ovens. b. a rightward shift in the demand curve for microwave ovens. c. a rightward shift in the supply curve for microwave ovens. d. a shortage of microwave ovens.