Venture capital reduces the rate of economic growth.
Answer the following statement true (T) or false (F)
False
Venture capitalists provide initial funding for entrepreneurial ventures and therefore increase the pace of innovation and economic growth.
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According to the text, the cost-plus-markup procedure
A) is the only sensible way to set prices. B) is a sure-fire way to ruin a business. C) is a general rule of thumb for price searchers. D) can be practiced only by price takers.
A monopolistic competition is a market structure where:
a. a large number of firms compete in a market and sell non-identical products b. a small number of firms, perhaps just two or three, sell all of the output in a market. c. a large number of firms compete in a market and sell identical products. d. a firm produces and sells all of the output—for which there are no close substitutes—in the market.
According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. unemployment b. the price level c. nominal interest rates d. All of the above are correct.
An upward-sloping line or curve is used to illustrate:
A. a direct relationship. B. an inverse relationship. C. two unrelated variables. D. the ceteris paribus assumption.