Raising funds through ________ is called indirect finance
A) retaining earnings B) issuing stock
C) financial intermediaries D) issuing bonds
C
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Governments should provide nonrival, nonexcludable goods only if the social benefits of the goods outweigh the cost of producing those goods
Indicate whether the statement is true or false
The cure for inflation can come only from changes on the demand side
a. True b. False Indicate whether the statement is true or false
Under a rule of reason approach, which of the following would be legal in the United States?
A. The merger of Paco's Taqueria and Maria's Mexican Bistro, independent restaurants in the unconcentrated sit-down restaurant market. B. Price fixing between IBM and Compaq. C. Ford and General Motors electing the same person to their boards of directors. D. Kellogg's and General Mills collude to drive Quaker Oats out of the business.
The industry represented by the graph above where S1 and S2 are short-run supply curves, D1 and D2 are short-run demand curves, and LRS is the long-run supply curve can be said to be:
A. an increasing-cost industry. B. an average-cost industry. C. a decreasing-cost industry. D. a constant-cost industry.