Related to the Economics in Practice on page 235: In 2010, Tesla Motors decided to become a public company by offering shares of stock to the public on a stock exchange. The process of doing this is called

A) a stock split.
B) capital gains.
C) an intangible capital investment.
D) an initial public offering.

When a loan is amortized,a relatively high percentage of the payment goes to reduce the outstanding principal in the early years,and the principal repayment's percentage declines in the loan's later years.

Research shows that the clothing people wear communicates messages to others.

A firm that manufactures ________ would most likely gain an economy of scope.

A) limited quantities of products
B) large numbers of products
C) many different products
D) one type of product

The head of a formal group serves a linchpin role that ties the group horizontally and vertically with the rest of the organization.

In moving along a supply curve,which of the following is not held constant?

A) The number of firms producing this good.
B) Expectations about the future price of the product.
C) Techniques used in producing this product.
D) The price of the product for which the supply curve is relevant.