Match the Definition with Its Term

question 115

Multiple Choice

Match the definition with its term.
-Funds provided by wealthy private individuals to high-risk ventures

• A)7(a) Loan Guaranty Program
• B)7(m) Microloan Program
• C)Certified Development Company (CDC) 504 Loan Program
• D)community-based financial institution
• E)formal venture capitalists
• F)informal venture capital
• G)loan covenants
• H)Small Business Innovative Research (SBIR) Program
• I)small business investment companies (SBICs)

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Definitions:

Monopsony

A market situation where there is only one buyer for a product or service.

Labor Market

The supply of available workers in relation to available work.

Labor Supply Curve

A graphical representation showcasing the relationship between the wage rate and the quantity of labor workers are willing to supply.

Competitive Firm

A company operating in a market where there are many buyers and sellers, and the firm has little influence over the price of its products.