Proprietorships:
A.) Dominate market transactions.
B.) Are owned by many individual stockholders.
C.) Are known for their large assets.
D.) Are the most common type of business firm.
D.) Are the most common type of business firm.
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The poverty rate for blacks is _____________ the poverty rate for non-Hispanic whites.
A. almost three times B. about 50% more than C. slightly higher than D. a little lower than
Which of the following could explain a decrease in the equilibrium interest rate and in the equilibrium quantity of loanable funds?
a. The demand for loanable funds shifted rightward. b. The demand for loanable funds shifted leftward. c. The supply of loanable funds shifted rightward. d. The supply of loanable funds shifted leftward.
The New Deal may be summarized by the words, ___________, ____________ and ___________.
Fill in the blank(s) with the appropriate word(s).
Stanley Jevons, an economist in the nineteenth century, noted a high correlation between economic prosperity and sunspots. Based on this observation he developed a "sunspot theory" of how the economy operated. We now know that Jevons
A) committed the ceteris paribus error. B) committed the fallacy of composition. C) was confusing causality. D) showed good reasoning for the nineteenth but not the twentieth century