Durable goods are:
a. consumers' goods
b. raw materials combined to produce consumer goods
c. those that must be replaced after each use
d. those that may be stored and repaired
e. none of the above
d
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Refer to the scenario above. What is the probability of losing?
A) 20% B) 50% C) 75% D) 100%
The most liquid asset is ________
A) stocks B) bonds C) cash D) real estate E) none of the above
Under a tying contract,
a. the price a buyer must pay for a good is tied to the size of his purchase. b. a customer agrees as a condition of buying a good to purchase one or more additional goods from the same seller. c. a firm agrees to allow members of its competitors' boards of directors to sit on its board. d. a firm agrees to pay an intermediary for having arranged a business deal for the firm.
The dictionary defines equilibrium as a situation in which forces
a. are in balance. b. are the same. c. clash. d. remain constant.