Direct financing is distinguished from indirect financing because:
a. Direct financing is when a business borrows directly from pooled funds at a financial institution, and indirect financing is when it borrows in the bond or stock market.
b. Direct financing is when a company borrows in the fixed-rate market, and indirect financing is when it borrows in the floating-rate market.
c. Direct financing is when a business borrows in the bond or stock market, and indirect financing is when it borrows from pooled funds at a financial institution.
d. None of the above.
.C
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The concept of choosing the least-cost combination of resources for a given amount of output is known as
a. technical efficiency. b. the principle of diminishing marginal returns. c. economic efficiency. d. decreasing returns to scale.
Strategic behavior is the result of an interdependent world
Indicate whether the statement is true or false
The longest expansion of the United States economy since 1925 began in:
A. 1991. B. 1961. C. 1945. D. 1982.
Assume a nation's current production possibilities are represented by the curve AB in the above diagram. Positive economic growth would best be indicated by a:
A. shift in the curve from AB to CD. B. movement from point 3 to point 4. C. shift in the curve from AB to EF. D. movement from point 1 to point 2.