A risky small business stands the best chance of finding external financing from
A) a commercial finance company.
B) a commercial bank.
C) an investment bank.
D) trade credit.
A
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The principal reason we no longer see huge herds of bison (popularly known as "buffalo") on the American prairies is because
A) the bison has been declared an endangered species. B) the bison have not been declared an endangered species. C) the bison were slaughtered in the 19th century in a wasteful manner. D) the bison were slaughtered in the 19th century in response to financial incentives. E) the people who own prairie land usually don't want bison on their property.
A global network that provides knowledge and resources to developing countries is called the:
A. World Bank. B. International Resource Fund. C. United Nations Development Program. D. World Trade Organization.
What method is often used when both parties want to eliminate information asymmetry?
A. Statistical discrimination. B. Signaling. C. Moral hazard. D. Screening.
Whether in a natural monopoly or a simple monopoly, the regulated price of electricity is theoretically supposed to be set where
A. marginal cost equals zero. B. there is no accounting profit. C. there is no economic profit. D. marginal revenue is zero.