When a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling shares of stock
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market?
a. high prices b. low price elasticity of demand c. high compatibility of member interests d. unequal member ownership of the natural resource
When Sonoma Vineyards reduces the price of its Cabernet Sauvignon from $15 a bottle to $12 a bottle, the result is an increase in
A. the supply of this wine. B. the demand for this wine. C. the quantity of this wine demanded. D. the quantity of this wine supplied.
Non-liquid assets could perform which of the following functions?
A. Trade without bartering B. Medium of exchange C. Cash for transactions D. Store of value
The international institution that serves as a lender of last resort is called the
A) IBRD. B) WTO. C) IMF. D) World Bank.