Karl Marx's view of income derived from interest is that it is
a. appropriate as long as the loanable funds market is in equilibrium
b. ethical as long as everyone who receives it earns it
c. allowable if the income is earned, not inherited
d. necessary otherwise no loanable funds would be provided
e. objectionable because property ownership, including ownership of capital, is unjustifiable
E
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A measure of how much debt an investor takes on in making an investment is referred to as
A) asset management. B) the debt-equity ratio. C) securitization. D) leverage.
An exhaustible resource with a very large known reserve will most likely exhibit
A) a highly variable price in the near future. B) a decreasing price in the near future. C) an increasing price in the near future. D) a constant price in the near future.