Owners may have little to do with the management of the firm in the case of
A) partnerships.
B) corporations.
C) proprietorships.
D) either corporations or proprietorships.
Answer: B
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Bank failures in the United States occurred
A. frequently through the 1960s and declined since then. B. infrequently through the 1960s and have become more common since then. C. frequently through the 1930s, declined after that time, and became more common in 2008. D. infrequently through the 1930s, increased after that time, and became less common in 2008.
In which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates?
A. Expansion. B. Recession. C. Peak. D. Trough.
An exchange rate that varies according to supply and demand for the currency in the foreign exchange market is called a ________ exchange rate.
A. flexible B. nominal C. real D. fixed
Which of the following is true in the Stackelberg model?
A) The first firm produces less than its rival. B) The first firm produces more than its rival. C) Both firms produce the same quantity. D) Both firms have a reaction curve.