The "corporate takeover market" plays a part in handling the conflict between management and __________ in __________-oriented financial systems
A) bankers; markets
B) bankers; banking
C) stockholders; markets
D) stockholders; banking
C
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Suppose the nominal interest rate on a savings bond is 7 percent a year and the inflation rate is 4.5 percent a year. How much is the real interest rate?
A) 4.5 percent B) 1.56 percent C) 2.5 percent D) 7 percent E) 11.5 percent
A decrease in demand will cause the equilibrium price to ________ and the equilibrium quantity to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
The Great Northern railroad was privately managed well by James J. Hill (1889) and never went bankrupt
Indicate whether the statement is true or false
A market in which a single firm can produce, at a lower cost than multiple firms, the entire quantity of output demanded is called:
A. price gouging. B. diseconomies of scale. C. government intervention. D. a natural monopoly.