Unanticipated inflation will insure that
A) homeowners with outstanding mortgage balances are hurt.
B) homeowners with outstanding mortgage balances are benefited.
C) creditors gain, debtors lose.
D) none of the above
B
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Total planned expenditures are
A) C + Ip. B) Ep + C. C) Ep - Ip. D) None of the above.
Comparing proprietorships with partnerships, which is TRUE?
A) In both cases, profits are taxed only once. B) Partnerships outnumber proprietorships 2-to-1 in the United States. C) Proprietorships generally end with the death of the owner, but partnerships continue as long as at least one partner survives. D) A proprietor faces unlimited liability for her firm's debts, but in a partnership each partner is only responsible for an even share of the firm's indebtedness.
Individuals will make choices to maximize their:
A. constraints. B. utility. C. income. D. values.
Which of the following shows the combinations of goods or services that a person can purchase?
A. Budget line B. Indifference curve C. Production possibility line D. Demand line