Related to the Economics in Practice on page 235: In 2010, Tesla Motors decided to become a public company by offering shares of stock to the public on a stock exchange. Like most other firms, Tesla relied on ________ to manage the sales of stock from its Initial public offering.
A. inside management
B. the Federal Reserve
C. investment banks
D. its board of directors
Answer: C
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What is outsourcing?
A) The process of vertically integrating the factors of production. B) The process of selling products overseas bypassing import tariffs. C) The movement of production to affiliate firms outside of the country. D) None of the above.
The typical shape for a yield curve is
A) gently upward sloping. B) mound shaped. C) flat. D) bowl shaped.
An equal increase in all bond interest rates
A) increases the return to all bond maturities by an equal amount. B) decreases the return to all bond maturities by an equal amount. C) has no effect on the returns to bonds. D) decreases long-term bond returns more than short-term bond returns.
Suppose that the equilibrium price of pickles falls while the equilibrium quantity rises. The most likely explanation for these changes is:
A. an increase in the supply of pickles. B. an increase in demand for pickles. C. a decrease in demand for pickles. D. a decrease in the supply of pickles.