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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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.
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.
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.