The most numerous or plentiful firms in the United States are found in this form of business
A) partnership.
B) proprietorship.
C) monopoly.
D) corporation.
Answer: B
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During the summer months, many families go hiking, camping, and fishing at national parks. This is an example of
A. aggregate demand for the outdoors. B. the incentive to work hard, play hard. C. underground economic activity. D. the implicit value of leisure time.
President Gerald Ford referred to inflation as
a. a blight on our nation's economy. b. a necessary evil to combat high unemployment. c. public enemy number one. d. a fly in the ointment.
Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index b. A reserve base index indicates a longer resource lifetime than a reserve index c. Most non-renewable resource prices have increased over the past 40 years d. Eventually all physical reserves of non-renewable resources will be depleted e. The price path for a non-renewable resource typically looks like an inverted U shape
If a country devotes its resources to acquiring more physical capital it will:
A. not have less overall GDP in the future. B. have more current consumption. C. not face the investment trade-off. D. have more GDP per capita in the future.