The majority of small businesses
A) are privately owned.
B) are managed by professional managers.
C) raise funds in financial markets.
D) are self-financing.
A
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The term "property rights" refers to
A) the physical possession of a house or any other property which the owner legally purchased. B) the ability to exercise control over one's own resources within the confines of the law. C) the right of a business not to have its assets confiscated by the government in the event that the business is accused of committing fraud. D) the government's right to appropriate land from wealthy land owners to redistribute to peasants.
Holding all other factors constant, the quantity demanded of an asset is
A) positively related to wealth. B) negatively related to its expected return relative to alternative assets. C) positively related to the risk of its returns relative to alternative assets. D) negatively related to its liquidity relative to alternative assets.
In the long-run, the inflation rate will move very closely with ________
A) the growth rate of the money supply B) the change in government debt C) the growth rate of government expenditures D) changes in tax rates
If an individual perfectly competitive firm charges a price below the industry equilibrium price, it will
A) not sell anything. B) sell part of what it produces. C) sell all that it produces and gain more revenue than competing firms will. D) sell all that it produces but gain less revenue than competing firms will.