Credit risk is:
A. the risk of a borrower defaulting on a loan.
B. lower, the longer the length of the loan.
C. lower, the larger the amount of the loan.
D. the risk of not being able to get a loan when your credit is good.
A. the risk of a borrower defaulting on a loan.
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Economists often analyze the interaction of individuals and firms in markets
Economists also examine the actions of individuals and firms as they attempt to use government to make themselves better off at the expense of others, a process that is referred to as A) the public choice initiative. B) rent seeking. C) logrolling. D) government failure.
Which of the following can a firm use to defend a successful product's brand name?
A) The firm can apply for a trademark to ban other firms from using the product's name. B) The firm can increase the amount it spends on advertising for the product. C) The firm can obtain a patent on the brand name. D) The firm can attempt to copyright the brand name.