An advantage of the corporation over other forms of business organization is that
A) the owners have unlimited liability.
B) a corporation's profits are taxed only once.
C) large-scale, low-cost capital is more readily available.
D) the decision-making structure is simple.
C
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Does the fact that the price elasticity of demand for a good is inelastic violate the law of demand?
What will be an ideal response?
Lenders must be concerned that borrowers may do risky unauthorized things with the funds they are lent. This is the __________ problem
A) moral hazard B) nondivisibility C) adverse selection D) None of the above.
Suppose the insurance company cannot tell them apart but expects them to be different values and charges them an average premium of $1850 . Who is more likely to buy this insurance?
a. Samantha b. Nadia c. Both of them d. None of them
If total reserves for a bank are $25,000, excess reserves are $5,000, and demand deposits are $100,000, the money multiplier must be
A. 10. B. 5. C. 25. D. 20.