Which of the following is true about sole proprietorship in the United States?

a. It is the most common form of business organization.
b. It is responsible for a large portion of total production of goods and services.
c. It offers the owner the least personal liability of any form of business organization.
d. There is no opportunity cost to operating the business.
e. Only one individual can work in such a firm.


A

Economics

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A) shifting the budget constraint to the left B) increasing both current and future consumption C) saving more to increase future wealth D) waiting until the income is received before changing their consumption behavior

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If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

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Economics