Human resources that perform the functions of organizing, managing, and assembling the other factors of production are called
A) physical capital.
B) venture capital.
C) entrepreneurs.
D) productive capital.
Answer: C
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Why are bonds less risky than stocks?
a. The dividend given on shares is usually less than the coupon-rate on bonds. b. Bonds can be issued only by the government whereas shares are issued by private firms. c. Bondholders have a claim on the assets of the firm whereas the shareholders do not. d. Shareholders are entitled to a share of the company's earnings. e. The higher the profit of the firm, the greater the share of the bondholders.
If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is
a. a complementary good b. a substitute good c. a normal good d. an inferior good e. none of the above
A conglomerate merger takes place when
A. a firm acquires a competitor. B. similar firms agree to compete. C. a firm integrates its production backward toward its source of supply or forward in its marketing chain. D. a firm buys another firm unrelated to the original firm's business.
Proponents of ISI assumed that governments
A) were capable of identifying and correcting market failures. B) were capable of identifying and correcting the excesses of economic populists. C) should enact orthodox stabilization plans. D) could control the terms of trade.