Entrepreneurs obtain control over the resources employed in the projects they undertake by
A) acquiring ownership through investment of their own funds.
B) borrowing funds with which to purchase the resources.
C) floating new issues of stock or bonds.
D) offering credible guarantees to owners of resources.
E) reinvesting the profits from previous successful projects.
D
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Keynes and many of his contemporaries believed that money was
a. major importance because the idea of the liquidity trap only came later. b. even more important than fiscal policy. c. little importance and monetary policy of little use as a stabilization tool. d. major importance but of little use as a stabilization tool. e. none of the above.
According to the classification in the text, which of the following is not an industrially advanced country (IAC)?
a. Singapore. b. Hong Kong. c. United Arab Emirates. d. Ireland.