Bob's new startup goes public and sells shares of future profits. Bob's startup is best described as a
a. saver or as a supplier of funds
b. saver or as a demander of funds.
c. borrower or as a supplier of funds.
d. borrower or as a demander of funds.
d
Economics
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If the cross elasticity of demand between two goods is negative, are the goods substitutes or complements?
What will be an ideal response?
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If the exchange rate changes from $2.00 = 1 euro to $1.98 = 1 euro then
A) the dollar has appreciated. B) the euro has appreciated. C) the euro has stayed constant in value. D) the dollar has depreciated.
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Typically, the major cost of a college education is
A) tuition. B) books. C) foregone income. D) housing.
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Oligopoly describes a market with:
A. many sellers. B. one seller. C. only a few sellers. D. few or many sellers, but only one buyer.
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