The stockholders of a corporation have ________ liability and ________ required to pay all of the firm's losses
A) limited; are
B) limited; are not
C) unlimited; are
D) unlimited; are not
B
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If fiscal policy makers increase aggregate demand in an attempt to decrease the unemployment rate below the natural rate of unemployment, then: a. the potential GDP will decrease
b. the potential GDP will increase. c. the only lasting impact of the policy is a higher price level. d. the only lasting impact of the policy is higher real GDP. e. the only lasting impact of the policy is lower real GDP.
A public good is any good or service that users collectively consume and there is no way to bar free riders
a. True b. False Indicate whether the statement is true or false
If government was not allowed to make interpersonal comparisons of utility, what effect would this have on how we tax people? a. We could not tax at all. b. We could not justify taxing the rich more than the poor. c. We would tax the rich more than the poor. d. Whatever tax government collects would have to be voluntarily given by the people taxed
e. We could continue taxing the way we do, but it would be less efficient.
According to economic reasoning, you should offer one hour of volunteer service per week when Select one:
a. The total benefits of doing so are less than the total costs. b. The additional costs of doing so are great than the additional benefits. c. The additional costs of doing so are the same as the additional benefits. d. The additional benefits of doing so are greater than the additional costs.