When a start-up company meets with success and the entrepreneur needs to achieve economies of scale, it would not make economic sense to consider an IPO.
a. True
b. False
Question 2
Suppose that U.S. incomes rise relative to British incomes. Then,
a. the dollar will appreciate and the pound will depreciate
b. the dollar will depreciate and the pound will appreciate
c. the dollar will depreciate and the pound's value will remain constant
d. the dollar will appreciate and the pound's value will remain constant
e. neither the dollar nor the pound will be affected