For a corporation, issuing bonds is riskier than issuing stock.

If the institutions in an economy change from being inclusive to extractive, then in the economy:

A) the returns to entrepreneurship will increase. B) the opportunity cost of entrepreneurship will decrease. C) the number of entrepreneurs will decrease. D) existing entrepreneurs will earn higher profits.

Which of the following is a characteristic of an oligopolistic market structure?

A) There are few dominant sellers. B) Each firm sells a unique product. C) It is easy for new firms to enter the industry. D) Each firm need not react to the actions of rivals.